Amancio Ortega raises the rent to Facebook by 31% at its headquarters in Madrid

by time news

2023-08-26 12:29:27

The rise of rental price It also affects the big ones.. Since 2015, Facebook It has rented two floors at number 35 Paseo de la Castellana. your landlord is Amancio Ortega who bought the seven-story building in April 2015. He paid close to 100 million for it. The two floors house the headquarters of the social network in Spain and its rooms have names like Mazinger Z, Heidi and Pedro or Espinete and Don Pimpón. They were chosen by the workers and refer to children’s television series from their childhood. In 2020, Facebook paid 1.25 million for the rent of both plants, according to the accounts deposited in the Mercantile Registry. A year later, the price increased to 1.61 million, 28.8% more, and in 2022 it disbursed 2.12, 31.6% more. In the last two years, the rent of its offices has increased by 69.6%. Last year, each month he paid 176,000 euros, while two years ago the monthly payment was 104,000.

Pontegadea, the investment arm of Amancio Ortega, obtained last year a turnover of 2,557 million, representing an increase of 30% with respect to the 2021 financial year, as reported by the company. Of this amount, 1,719 came from Inditex dividends and another 56 from other investee companies. For its part, the income that came from the real estate business, especially from the rentals of its hundred buildings, as is the case with Facebook, reached 782 million. The founder of Inditex is also the owner of the Cepsa Tower in Madrid, for which he paid 490 million in 2016. Since 2019, Amazon has rented seven floors of the building.

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