The Spanish asset management firm Rivoli Asset Management has purchased another 50% of the Madrid shopping center Xanadú from Nuveen for approximately 250 million euros, according to a report in the newspaper Expansión. This concludes the transaction that began in February 2025 to acquire ownership of the shopping center. At that time, Rivoli had already purchased the shares held by the British real estate firm Intu—representing 50% of Xanadú—for 200 million.
Rivoli executives Pablo Gómez-Almansa and Gonzalo Senra led the transaction with the support of an investment fund in which Banco Santander’s private banking clients participated. It is not the only shopping center in which the Spanish management firm holds a stake: it also controls Ballonti in Bilbao, AireSur in Seville , and Moraleja Green in Alcobendas. Xanadú, in Arroyomolinos, has now been added to its list of properties.
Madrid’s largest shopping center
Madrid has no shortage of shopping centers, but Xanadú surpasses all others in size. Its total floor area is 153,695 square meters, with more than 220 stores and 10,000 parking spaces. It is also one of the busiest shopping centers in the Community of Madrid; according to data from 2025, it welcomed more than 12.5 million visitors last year.
In addition, Xanadú stands out for having Madrid’s only indoor snow slope: Madrid SnoZone, where you can ski or snowboard any month of the year.