Spanish billionaire Amancio Ortega, founder of one of the world's…
Spanish billionaire Amancio Ortega, founder of one of the world's largest clothing retailers Inditex SA, purchased an office building in Paris, making the largest deal in European office real estate since 2022. The founder of Zara bought a business center in Paris for $912 million.
Consensus
- Amancio Ortega, founder of Inditext SA and Zara, purchased an office building in Paris.
- The property is called Capital 8 and is located in the 8th district of Paris.
- The building has a total area of 45,000 square meters.
- The transaction is described as the largest European office real estate deal since 2102.
- The buyer is associated with Pontegadea Inversiones SL, an investment company managing Ortega's assets.
Points of divergence
- The purchase price was approximately 800 million euros, and the deal was reported to be worth up to 850 million euros according to media reports. — interfax
- The purchase price was $912 million, making it the largest European office real estate transaction since 2022. — kommerzant
- Pontegadea owns 59% of Inditex SA and reinvests dividends primarily into real estate, infrastructure, and energy assets. — interfax
- Ortega's real estate portfolio includes over 200 properties in 13 countries valued at around $25 billion, according to Forbes. — kommerzant
- The market value of Inditex was estimated at 167.6 billion euros in 2024. — interfax
- Ortega's net worth is valued at €124 billion, placing him tenth in the Forbes Global Rich List for 2026. — kommerzant
Coverage (2 sources)
- Zara founder buys Paris office building for €800 million — Интерфакс
- Zara founder buys Paris business center for $912 million — Коммерсантъ