Latest news with #AmancioOrtega
Fashion Network
a day ago
- Business
- Fashion Network
Zara founder Ortega buys Barcelona office building for $283 million, sources say
Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for €250 million ($283 million), two sources familiar with the transaction said on Friday. The sources said Blackstone sold the 28,000-square-meter building on Avenida Diagonal—currently rented by the Spanish editorial business Planeta—to Ortega's investment vehicle Pontegadea. Pontegadea and Blackstone did not comment on the agreement. Pontegadea, which owns more than $20 billion in real estate assets, has invested in several office towers and luxury buildings across Europe and North America. It has also diversified its portfolio by buying energy and logistics assets. Ortega controls 59.29% of Zara-owner Inditex through Pontegadea Inversiones and Partler Participaciones. ($1 = €0.8826)
Time of India
2 days ago
- Business
- Time of India
Zara's founder buys office building in Barcelona for $283 million: Sources
MADRID: Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for 250 million euros ($283 million), two sources familiar with the transaction said on Friday. Blackstone sold the 28,000-square-metre building on Avenida Diagonal , currently rented by the Spanish editorial business Planeta, to Ortega's investment vehicle Pontegadea, the sources said. Pontegadea and Blackstone did not comment about the agreement. Pontegadea, which owns more than $20 billion of real estate assets, has invested in several office towers and luxury buildings in Europe and North America. It has also diversified its portfolio by buying energy and logistics assets. Ortega controls 59.29% of Zara-owner Inditex through Pontegadea Inversiones and Partler Participaciones.
Bloomberg
3 days ago
- Business
- Bloomberg
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. Pontegadea Inversiones, the family office for the owner of apparel chain Zara, agreed to buy the 27,000 square-meter (290,000 square-feet) building housing the headquarters of Spanish book publisher Planeta, a spokesperson told Bloomberg News, confirming an earlier report by El Economista.
Fashion Network
3 days ago
- Business
- Fashion Network
Zara founder Ortega buys Barcelona office building for $283 million, sources say
Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for €250 million ($283 million), two sources familiar with the transaction said on Friday. The sources said Blackstone sold the 28,000-square-meter building on Avenida Diagonal—currently rented by the Spanish editorial business Planeta—to Ortega's investment vehicle Pontegadea. Pontegadea and Blackstone did not comment on the agreement. Pontegadea, which owns more than $20 billion in real estate assets, has invested in several office towers and luxury buildings across Europe and North America. It has also diversified its portfolio by buying energy and logistics assets. Ortega controls 59.29% of Zara-owner Inditex through Pontegadea Inversiones and Partler Participaciones. ($1 = €0.8826)
Fashion Network
3 days ago
- Business
- Fashion Network
Zara founder Ortega buys Barcelona office building for $283 million, sources say
Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for €250 million ($283 million), two sources familiar with the transaction said on Friday. The sources said Blackstone sold the 28,000-square-meter building on Avenida Diagonal—currently rented by the Spanish editorial business Planeta—to Ortega's investment vehicle Pontegadea. Pontegadea and Blackstone did not comment on the agreement. Pontegadea, which owns more than $20 billion in real estate assets, has invested in several office towers and luxury buildings across Europe and North America. It has also diversified its portfolio by buying energy and logistics assets. Ortega controls 59.29% of Zara-owner Inditex through Pontegadea Inversiones and Partler Participaciones. ($1 = €0.8826)
