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- Pontegadea, the investment firm of Zara founder Amancio Ortega, bought Ten Hanover Quay, a 6,344 sq m office building in Dublin's south docklands, in 2025.
- The acquisition followed negotiations to buy the building from Kennedy Wilson and Nama, marking Nama's final exit from a decade-long regeneration of Dublin docklands.
- The grade A office overlooks Grand Canal Dock, is leased entirely to US fintech firm Fiserv, which pays €57.50 per sq ft or almost €3.93 million annually, with a rent review set for 2027.
- Pontegadea's €70 million purchase complements its prior €100 million apartment deal nearby and a €225 million logistics investment, evidencing sustained expansion in Dublin's commercial real estate.
- The sale marks the end of Nama's role in the docklands redevelopment, during which it contributed to more than 3 million square feet of office and retail developments, created approximately two thousand residential units, and established various public and cultural facilities across fifteen locations.
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Pontegadea, the investment firm of the owner of Inditex, made its first raid on Ireland's commercial real estate market in 2022
Inditex founder and largest shareholder, Amancio Ortega, continues his investments through his investment arm Pontegadea and has purchased an office building in Dublin for approximately €70 million, according to sources familiar with the matter. Read more
The founder of Inditex has built an office building in Dublin for 70 million euros. The acquisition has been carried out through Pontegadea, the real estate investment company of Amancio Ortega.
Expansión
Amancio Ortega, founder and top shareholder of Inditex, continues to strengthen his real estate portfolio through Pontegadea. The entrepreneur has acquired an office building in...
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