founder inditex, Amancio Ortega, continues its activities with Pontegadea, its investment arm. investment property. And it does so by buying it in London. old headquarters BBC on Foley Street, it paid about £82m (€93m at the current exchange rate) for it. Built nearly 100 years ago, the building is 4,000 square meters and currently home to the construction company Kier GroupWith a 25-year contract.
According to the Cinco Días newspaper, the seller of the property is the Abrdn fund (formerly Standard Life Aberdeen) advised by Savills about the operation. This is the second major transaction the founder of Inditex has made in a few weeks since last March. A building consisting of 120 luxury apartments in Dublin.
Prior to that, Pontegadea’s investment activity involved the purchase of a luxury residential skyscraper in Seattle for $324 million (about €305 million). Special, The building near Amazon headquarters, purchased by the founder of Inditex, was the Kiara tower, where 461 rental apartments are located. This strengthened Ortega’s operations in Seattle, where it has already invested approximately $1,500 million (€1,412 million). Last October, the founder of Inditex also closed the acquisition of a luxury skyscraper in New York for close to $500 million (505 million euros).
In 2022, it also bought an office building in Glasgow (Scotland) for £200m (approximately 237m euros). Toronto’s iconic Royal Bank Plaza skyscraper (Canada) Close to CAD 1.150 million (more than €874 million). Other logistics assets in the United States are added to these assets: a platform in Menomonee Falls, Wisconsin, occupied by the FedEx company for $35 million (about €34 million), and a distribution center in Philadelphia (Pennsylvania). $148 million (approximately 147 million euros).