Zara’s Ortega Buys €250 Million Blackstone Building in Barcelona

Amancio Ortega, founder and first shareholder of Inditex, owns one of the largest fortunes in the country.But that’s not all, because he also owns the largest portfolio of properties in Spain’s private hands, with about 120 assets distributed in thirteen countries valued at more than 20 billion euros. This is indicated by an article published by Europa Press, in which they remember that the owner of Zara, and other well-known clothing brands, oc…

Zara’s Ortega Buys €250 Million Blackstone Building in Barcelona

Spanish billionaire Amancio Ortega has acquired a building on Barcelona’s iconic Diagonal avenue for about €250 million ($284 million) from Blackstone Inc.

An emblematic acquisition on Avenida Diagonal The building acquired by Amancio Ortega is located at number 662 of Avenida Diagonal in Barcelona. With an area of approximately 27,300 square meters, the building stands out for its unique architectural design and its facade covered with vertical gardeners, work of the architects Josep Maria Fargas and Enric Tous in 1978. A 46-year-old worker quoted denounces a penalty of 18% in his pension after fo…

Amancio Ortega, founder of Inditex, has carried out his biggest real estate transaction in Spain in the last decade by acquiring the headquarters of Grupo Planeta in Barcelona for around 250 million euros. The property belonged to Blackstone since 2018 and has now been purchased through Pontegadea, the businessman's investment company. The building, known as D Garden 662, remains mostly leased to Grupo Planeta, with tenants also including Antena…

The transition from Pontegadea to the most significant part of the river companies in the Spanish real estate branch since Ortega acquired the name Torre Cepsa in 2016, by which it paid, at the height, 490 million euros. The building was now stopped by Blackstone.