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Inditex founder ‘Amazon’s landlord’
28 March 2019 @ 13:07

SPAIN’S richest man Amancio Ortega - founder of the global high-street clothing empire Inditex – has just bought a chunk of Amazon’s headquarters, his second-largest purchase ever after buying the London Adelphi building from Blackstone.

Ortega, who started up his huge textile business with his late wife Rosalía Mera from a small shop premises in his native Ourense, Galicia, has purchased a large share of the building used by online retailer Amazon in Seattle for US$740 million (about €655m) through the estate agency he owns, Pontegadea.

The Inditex owner’s acquisition of the Troy Block – two of the 40 towers on the Amazon campus, owned by USAA Real Estate, the property arm of the insurance company linked to the US Armed Forces – is the biggest in the city’s history, according to The Seattle Times.

Until now, the large purchase in Seattle was that of the Columbia Center for US$711m (€630m) in 2015.

Pontegadea has now made its two biggest acquisitions in Ortega’s career history in the space of one year – the first being the Adelphi Tower in London for £600m (currently €702m).



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