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Asturias Retail and Leisure SOCIMI S.A. is a Spanish Real Estate Investment Trust that owns the biggest shopping centre in the Asturias Region.

Opened in 2001, intu Asturias is a retail and Leisure complex of 120,000 square metres.

It is located 5 km away from Oviedo and 30 km from Gijon and Aviles.

Social Object


The corporate purpose of the Company is contained in article 2 of their company bylaws (the “Bylaws”), whose literal wording at the date of this Information Document, in line with that foreseen in the SOCIMI Law is the following:

The Company's corporate purpose:

A

The acquisition and development of real estate of urban nature 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 other non-resident entities in Spanish territory that have the same corporate purpose than those which are subject to a similar set 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 real estate of urban nature 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 meet 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."

PROPERTY DESCRIPTION


Acquired October 2013
Acquisition Price €162,0m
Net Rental Income €13m
Size 75,500 sq m
Annual Footfall 8,6 million
Average Dwell Time 1 hour 30 minutes
Net Rental Income €13m
Debt €95m

LIsting prospectus


Board of Directors


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