Amancio Ortega closes the acquisition of the planet headquarters in Barcelona for 250 million | Companies | EUROtoday

Pontegadea investments, the funding arm of Amancio Ortega (Inditex), has closed the acquisition to Blackstone the present headquarters of the Planeta Group, positioned in quantity 662 of Barcelona Diagonal Avenue, in an operation that had been introduced in mid -April.

As the newspaper progresses this Friday The avant -gardethis could have been closed for about 250 million euros, which is among the largest actual property funding operations in Barcelona.

The Blackstone Investment Fund was the proprietor of the property since 2018 and the constructing was on sale because the starting of 2023. It is the most important actual property operation of Pontegadea in Spain since 2016, when it acquired the Roscacielos Torre Cepsa de Madrid for a value of 490 million.

Planet occupies greater than 50% of the 27,300 sq. meters of the emblematic constructing, characterised overseas by the facade recognizable by its vertical gardeners. The constructing was additionally the headquarters of Catalan Banking till its dissolution in 1980.

The newest identified purchases in Spain of Ortega, proprietor of just about 60% of Inditex, have been two boutique resorts in Palma in 2023 for 35 million and the Senator Playaballena lodge positioned in Rota (Cádiz) for 25 million in 2021.

This property housed the headquarters of Catalan Banking and later handed to BBVA, which in 2001 transferred to the planet group for 100 million. However, in 2018 he fell to Sabadell for the restructuring of Hemisphere’s debt, the Holding of the Lara household, proprietor of Planet. Blackstone, in flip, acquired it that very same yr in an operation valued at about 210 million.

Among the final actions of Pontegadea is the sale of a business premises within the Gangenam neighborhood in Seoul for 18.5 million and the divestment of an workplaces property in Paris, close to the inventory market, put up on the market final November for 80 million.

The founding father of Zara is the ninth richest particular person on the earth, with a fortune of round 122.4 billion {dollars} (108,060 million euros, in change present), in line with the journal Forbes. Much of its millionaire annual earnings make investments them in brick, because it has created an actual property heritage in Pontegadea close to 20,000 million.

Recently, it was additionally discovered that it has simply taken an workplace constructing within the Luxembourg capital acquired from Mapfre and Manova Partners for round 60 million. Likewise, final month I negotiated buy of an workplace constructing in Edinburgh (United Kingdom), which might be its second acquisition within the Scottish metropolis in a yr. In this case, he pays round 75 million kilos (about 89 million euros, in change present) to the American Federated Hermes fund for the property referred to as Capital Square within the middle of the Scottish capital.