Madrid Xanadú


Madrid Xanadú is a large shopping mall and entertainment center in Arroyomolinos, Madrid, Spain. Constructed next to the Autovía de Extremadura highway, the mall is one of Europe's largest, with over 222 shops, eateries, and a 15-screen Cinesa Movie Theater. The most distinctive attraction is Madrid SnowZone, a huge covered track, used for skiing and to go snowboarding. The track is from a Canadian company, Intrawest. The mall was named after the 1981 film Xanadu, starring Oliva Newton-John.

Major Anchors

The American-based Mills Corporation developed the mall in 2002. It opened the next year with great fanfare. Madrid Xanadú was the company's first mall outside the United States and was planning to build more malls in Europe.
In 2006, the Canadian real estate company Ivanhoé Cambridge bought Madrid Xanadú from Mills to alleviate the latter company's financial problems.
On 31 January 2017 Intu Properties announced to the London Stock Exchange: “intu confirms it has entered into an exclusivity agreement with entities of the Ivanhoé Cambridge Group to acquire the centre. The transaction would be funded from a combination of bank financing and existing facilities. At this time there is no certainty that this transaction will complete and a further announcement will be made as and when appropriate.”

Xanadu's Counterpart

In 2004, The Mills started to build its counterpart, Xanadu Meadowlands in New Jersey. However, ownership changes and countless delays plagued the schedule for the opening. The complex was renamed as American Dream Meadowlands by its new owner Triple Five Group, who bought the complex in 2013. After several delays, it had its first opening stage on October 25, 2019.