Source:
https://scmp.com/property/international/article/1875871/british-shopping-mall-owner-intu-plans-expansion-spainInternational
British shopping mall owner Intu plans expansion in Spain
A judge watches as people sleep a siesta during the first Siesta Championship in Madrid, Thursday, Oct. 14, 2010. The participants of the siesta contest win points for the first person to fall asleep, the loudest snorer, best original sleeping position and best dressed sleeper. Doctors are present to check if the contestants are really asleep.(AP Photo/Paul White)
Intu Properties Plc, owner of popular UK shopping malls such as the Trafford Centre in Manchester, plans to invest about 500 million pounds (US$770 million) in Spain over the next five to seven years, its chief executive said.
The FTSE-100 company, which already operates two malls in Spain, owns the site for a third development and options on a further three in a country where retail spending is on the rise, Chief Executive David Fischel told Reuters.