• Housing Amancio Ortega buys a luxury apartment skyscraper in New York for 500 million euros

  • Canada Amancio Ortega buys the iconic Royal Bank Plaza skyscraper in Toronto for more than 800 million euros

The founder of Inditex,

Amancio Ortega

, through his investment arm

Pontegadea

, continues with his real estate investments in the United States and has closed the purchase of a luxury residential skyscraper in

Seattle

for 324 million dollars (about 305 million euros). , as reported to Europa Press sources from Pontegadea.

Specifically, the building acquired by the founder of Inditex, near the Amazon headquarters, is the

Kiara tower

, with 461 rental apartments.

According to the US publication The Business Journal, Ortega thus reinforces his operations in Seattle, where he has already invested almost 1,500 million dollars (1,412 million euros).

Last October, the founder of Inditex also closed the purchase of a luxury apartment skyscraper in

New York

for close to 500 million dollars (505 million euros).

So far this year, the founder of Inditex has 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 of 1,150 million Canadian dollars (more than 874 million euros).

Other logistics assets in the United States are added to these assets: a platform occupied by the

FedEx

company in Menomonee Falls in Wisconsin for an amount of 35 million dollars (about 34 million euros) and a distribution center in

Philadelphia (Pennsylvania)

, for an amount of 148 million dollars (about 147 million euros).

The founder of Inditex invests part of the dividends he receives from the textile company in the real estate sector through his investment firm Pontegadea Inmobiliaria.

Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a portfolio of real estate assets made up mainly of non-residential office buildings located in the centers of large cities in

Spain, the United Kingdom, the United States and Asia.

.

According to the criteria of The Trust Project

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  • Inditex Group