Inditex founder Amancio Ortega, through his investment arm Pontegadea, continues his real estate investments and has completed the purchase of a luxury apartment skyscrapers in New York for about 500 million dollars (505 million euros), as sources in Pontegadea told Europa Press.
More specifically, the building acquired by Ortega, at number 19 Dutch Street, it is a 64 story luxury tower in New York’s Financial District, owned by Carmel Partners.
So far this year, the founder of Inditex bought an office building in Glasgow (Scotland) for 200 million pounds (about 237 million euros), as well as the iconic Royal Bank Plaza skyscraper in Toronto (Canada) for about 1,150 million Canadian dollars (more than 874 million euros).
In addition to these assets, there are other logistics assets in the United States: a platform occupied by the FedEx company in Menomonee Falls in Wisconsin for an amount of 35 million dollars (approximately 34 million euros) and a distribution center in Philadelphia (Pennsylvania), for an amount of 148 million dollars (approximately 147 million euros).
After these acquisitions, Ortega plans to buy Meta’s future headquartersthe conglomerate which brings together Facebook, Instagram and WhatsApp, in Dublin, for 550 million euros.
If the transaction is completed, negotiations for which are advanced, Ortega would become the owner of the Fibonacci Square office projectwith an area of 100,000 square meters, six buildings and a capacity of 8,000 people.
The founder of Inditex invests part of the dividends he receives from the textile company in the real estate sector through its investment company Pontegadea Inmobiliaria.
Ortega has the largest Spanish housing stockfocused on the purchase and management of large buildings, with a portfolio of real estate assets consisting mainly of non-residential office buildings located in the center of major cities in Spain, the United Kingdom, the United States and Asia.
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