The founder of Inditex, Amancio Ortega, through his Pontegadea investor arm, continues with his property investment in london where it is in negotiations to buy the former headquarters of the BBC for around 80 million pounds (almost 90 million euros), according to the publication ‘CoStar News’.
Specific, the founder of Inditex could become the owner of said property, located at number 33 Foley Street, owned by Abrdán.
From Pontegadea they have declined to do No comment on the operation.
Ortega’s last purchase materialized at the end of 2022 in the United States with the acquisition of a luxury residential skyscraper in Seattle for 324 million dollars (about 305 million euros). Specifically, the building acquired by the founder of Inditex, Close to the Amazon headquarters, it was the Kiara tower, with 461 rental apartments.
Reinforcement of real estate operations
Ortega thus reinforcing its operations in Seattlewhere it has already invested almost 1,500 million dollars (1,412 million euros).
Last October, The founder of Inditex also closed the purchase of a luxury apartment skyscraper in New York for close to 500 million dollars (505 million euros).
In 2022, it 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 close to 1,150 million Canadian dollars (more than 874 million euros).
to these assets other logisticians are added in the United States: a platform occupied by the company FedEx in Menomonee Falls in Wisconsin for an amount of 35 million dollars (about 34 million euros) and a distribution center in Philadelphia (Pennsylvania), for an amount of 148 million dollars (about 147 millions of euros).
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The founder of Inditex invests part of the dividends he receives from the textile company in the real estate sector through its investment firm Pontegadea Inmobiliaria.
Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a portfolio of real estate assets made up mainly of non-residential office buildings located in the center of large cities in Spain, the United Kingdom, the United States and Asia.