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Pontegadea, the company through which Amancio Ortega controls 50.01% of Inditex (it has another 9.28% of the capital through Partler), officially moves to the Cantons. The Official Gazette of the Mercantile Registry (Borme) of A Coruña published yesterday the change of registered office of the investment arm of Ortega (Pontegadea España SL) and its subsidiaries Pontegadea Inversiones, Pontegadea Inmobiliaria, Pontegadea Dieciocho and Pontegadea GB 2020 to number 4 of the Canton Grande de A Coruña, in front of the Obelisk. Also the firms Esparelle 2016, Sobrado Forestal 2014 and Partler 2006 and Partler Participaciones. All of them channel the investments of the richest businessman in Spain.
In recent years, brick has emerged as a flourishing business for the founder of Inditex and his investment arm, Pontegadea, has established itself as one of the main real estate operators in Spain. At the end of 2019, its portfolio reached 15,163 million.
Pontegadea acquires emblematic buildings to manage them later for rent in most cases. Among the most relevant real estate investments are, for example, the purchase of the Torre Picasso in Madrid in 2011 for 400 million, The Post Building (McKinsey headquarters) in London in 2019 for 700 million or the Troy Block (one of the headquarters of Amazon) in Seattle (USA) in the same year for 656 million euros. Now Pontegadea also has its headquarters in an emblematic enclave.
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