Inditex founder, Amancio Ortega, is continuing his real estate investments in London through his investment arm Pontegadea, where he is negotiating to buy the former BBC headquarters for around £80 million (almost €90 million), according to the publication 'CoStar News'. More specifically, the Inditex founder could become the owner of the property, located at 33 Foley Street, currently owned by Abrdn.
Ortega's last purchase was at the end of 2022 in the United States when he bought a luxury housing skyscraper in Seattle for $324 million (about €305 million). More precisely, the Inditex founder purchased Kiara Tower, comprising 461 rental apartments close to the Amazon headquarters.
Ortega thus reinforced his operations in Seattle, where he has already invested almost $1.5 billion ($1.412 million). Last October, the Inditex founder also bought a skyscraper of luxury flats in New York for nearly $500 million (€505 million).
In 2022, he also purchased an office building in Glasgow (Scotland) for £200 million (about €237 million), as well as the iconic skyscraper Royal Bank Plaza in Toronto (Canada) for about 1.150 billion Canadian dollars (more than €874 million).
He also invested in other logistics assets in the United States: a platform occupied by FedEx in Menomonee Falls, Wisconsin, for $35 million (around €34 million) and a distribution centre in Philadelphia (Pennsylvania) for $148 million (approx. €147 million).
The Inditex founder invests part of the dividends he receives from the textile company in real estate through his investment firm Pontegadea Inmobiliaria.
Ortega owns the largest Spanish real estate company, specialising in purchasing and managing large buildings, with a portfolio of real estate assets consisting mainly of non-residential office buildings located in the large city centres in Spain, the United Kingdom, the United States and Asia.