Author:
Founder of Inditex, Amancio Ortegathrough its investment subsidiary Pontegadea, continues to invest in real estate in London, where it is in negotiations for to buy the former BBC headquarters for around £80m (almost 90 million euros), the publication states CoStar news.
Specifically, founder of Inditex could become the owner of the said property, which is located at 33 Foley Street, owned by Abrdán. Pontegadea declined to comment on the operation. Ortega’s last purchase took place at the end of 2022 in the United States with the purchase of a luxury residential skyscraper in Seattle for $324 million (about €305 million).
Namely, the building bought by the founder of Inditex, near the headquarters of Amazon, was the Kiara tower with 461 apartments for rent. Ortega has thus strengthened his business in Seattle, where he has already invested almost 1,500 million dollars (1,412 million euros).
Last October, the founder of Inditex concluded the purchase of a luxury residential skyscraper in New York for close to 500 million dollars (505 million euros).
In 2022, she also bought an office building in Glasgow (Scotland) for 200 million pounds (about 237 million euros), as well as the iconic skyscraper Royal Bank Plaza in Toronto (Canada) for about 1.150 million Canadian dollars (more than 874 million euros).
Other logistics assets in the United States were added to these assets: a platform occupied by the FedEx company in Menomonee Falls, Wisconsin for $35 million (about €34 million) and a distribution center in Philadelphia (Pennsylvania) for $148 million ( around 147 million euros).
The founder of Inditex invests part of the dividend he receives from the textile company in the real estate sector through his investment company Pontegadea Inmobiliaria.
Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a property portfolio composed mainly of non-residential office buildings located in the centers of large cities in Spain, the United Kingdom, the USA and Asia.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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