Amancio Ortega buys a new luxury building for 100 million

Amancio Ortega is returning to bet on the luxury housing market. Through Pontegadea, the founder of Inditex has just concluded the purchase of a building with 120 apartments located in Dublin, specifically on the Grand Canal waterfront. as collected Five daysthe operation amounted to 100 million euros. Taking into account the amount paid by the employer, all this means valuing each of the apartments at around 840,000 euros.

The building is located at number 6 Hanover Quay, one of the fastest growing areas in the Irish city, as some of the world’s largest technology companies such as Facebook or Airbnb have recently located there. The building called Opus is located by the river Liffey.

As local newspapers progressed Irish Times, the previous owners of the property were the American real estate fund Angelo Gordon and the Irish partner Carusfort Capital. The building has 120 apartments and penthouses with between two and three bedrooms. In addition, tenants have 24-hour security, parking, a gym and striking terraces on the top floor.

It is not the first time that the founder of Inditex has decided on the residential segment, but it is not usual to see him increase his real estate portfolio with assets of this type. For the first time, the building reserved for housing was obtained last October, when it was Ortega He invested his first bite in this business by buying a skyscraper in New York for 500 million euros. Located at number 19 Dutch Street, this property had 64 floors arranged in a large tower occupying a total of more than 30,000 square meters.