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ZARAGOZA PROPERTIES

Real estate company that through its subsidiary Puerto Venecia, owns one single property, Spain's largest shopping complex (according to lettable area), "Puerto Venecia Shopping Resort", located in Zaragoza.

SOCIAL OBJECT

The Company's corporate purpose:

A

The acquisition and development of urban real estate land for lease. Promotional activity includes the rehabilitation of buildings in the terms established by the Law 37/1992 of December 28, the value added tax, as may be amended from time to time.

B

The holding of shares in the capital of other Listed Investment Companies in the Property Market or in other non-residential entities in Spanish territory that have the same corporate purpose and which are subject to a similar set of rules for Listed Investment Companies in the Property Market in terms of mandatory, legal or statutory policy, profit distribution.

C

The holding of shares in the capital of other entities, residents or not in Spanish territory, whose primary purpose is the acquisition of urban real estate land for lease and are subject to the same regime for Listed Investment Companies in the housing market in terms of mandatory policy, legal or statutory, of distribution of benefits and comply with the investment requirements concerning the Law 11/2009, of 26 October, where Listed Investment Companies in real estate are regulated (hereinafter, as it is modified from time to time, the "Law 11/2009").

The entities that this letter c) refers may not have shares in the capital of other entities. Shares representing the capital of these entities must be registered and all of its capital must belong to other Listed Investment Companies in real estate or non-residents entities as the letter b) refers.

D

The holding of shares or units of Collective Investment in Real Estate regulated in Law 35/2003 of 4 November, on Collective Investment Institutions.


Additionally, the Company may develop other ancillary activities, understood as those whose incomes collectively account for less than twenty percent (20%) of the revenues of the Company in each tax period (including, without limitation, various real estate operations mentioned in paragraphs a) to d) above), or those which may be regarded as ancillary in accordance with the law applicable at all times."

Download "Final Prospectus"

RELEVANT FACTS

Call an Extraordinary General Meeting of Shareholders 04/10/2017
Significant parts at 30 June 2017 06/07/2017
Resolutions adopted by the General Meeting of Shareholders 20/06/2017
Call an Ordinary General Meeting of Shareholders 18/05/2017
Share purchase made by a Director 03/03/2017
Dissemination of the shares in order to fulfill the dissemination requirements 01/03/2017
Correct the valuation of the investment properties at 30 June 2016 published in previous relevant facts 20/02/2017
Update the valuation of the investment properties made by Cushman & Wakefield 10/02/2017
Estimated diffusion of shares for the purpose of fulfilling the diffusion requirement 17/01/2017
Significant parts at 31 December 2016. 09/01/2017
Demerger of Renta 4 Sociedad de Valores, S.A. The new liquidity provider is Renta 4 Banco, S.A. 17/10/2016
Relevant Fact - Valuation of the investment properties 01/08/2016
Relevant Fact - Significant Part 05/07/2016
Relevant Fact 24/06/2016
Relevant Fact - Code of Conduct Approved 06/06/2016
Relevant Fact 23/05/2016
Relevant Fact 28/04/2016
Relevant Fact - Significant Part 07/01/2016
Relevant Fact - Change of Registered Office 24/12/2015
Relevant Fact 15/10/2015
Relevant Fact 30/09/2015
Relevant Fact 17/09/2015

FINANCIAL INFORMATION

2016

2015

Consolidated and Individual Annual Financial Information for the year 2016 and Organizational Structure and Internal Control Report. 24/04/2017
Interim Consolidated Financial Statements at 30 June 2016. 17/10/2016
Interim Financial Report for period 1 January 2015 to 30 June 2015 29/09/2015

PROPERTY DESCRIPTION

Acquired January 2015
Acquisition Price €451.0m
Net Rental Income €22.4m
Size 200,000 sq m
Footfall 18m
Occupancy 95%
Debt €225m 5 year term loan to 2020

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BOARD OF DIRECTORS

D. Martin Richard Breeden

D. Martin Richard Breeden

President

Martin Breeden joined the Group in 2002 and has worked on almost all of Intu's assets at various times. He has been responsible for Intu's Spanish business since it's inception, including the acquisition of Puerto Venecia and intu Asturias.

In addition, he is responsible for intu's UK development projects. Martin has over 25 years experience in the retail property industry and has previously worked for MEPC and Jones Lang LaSalle, the latter including four years in Spain.

Martin is a Fellow of the Royal Institution of Chartered Surveyors and a member of the advisory panel of the British Council of Shopping Centres.

Nick John Viner Hodson

Nicholas John Viner Hodson

Director

Nicholas Hodson joined the Spanish management company, intu Management Spain, as Managing Director in March 2015.

intu Management Spain is responsible for the management of the regional trading schemes of intu Asturias and Puerto Venecia, an intu JV with CPPIB and the development pipeline, an intu JV with Eurofund.

Nicholas joined intu from Eurofund Investments and was previously responsible for Continental Europe for British Land with particular responsibility for the Development of Puerto Venecia.

Nicholas Hodson is a Chartered Surveyor.

José Urrutia del Pozo

José Urrutia del Pozo

Counselor

José Urrutia joined Intu in January 2014 as Senior Asset Manager and the first employee in Spain following the intu Asturias acquisition.

José offers over 20 years experience in leading development, investment and asset management, mainly for large shopping centres but also other project uses. He joined Intu from British Land where he played a material role in the development of Puerto Venecia, and has previously worked for Metrovacesa, Procisa and Carrefour group. José is an Industrial Engineer (M. Eng.- ICAI), MSc. Manufacturing Eng. & Management (University of Birmingham), and PDG graduate at IESE.