The owner of the retail giant “Zara”, one of the world’s richest people, Amancio Ortega, is currently using the decline in commercial property prices to add to his real estate portfolio, writes the “Financial Times”.
Ortega’s 90-billion-euro personal investment group Pontegadea is currently taking advantage of the opportunity to buy properties. The fund, which owns 59% of Zara’s parent company Inditex, announced last year that it had bought 10 properties worth 1.1 billion euros. Among them are logistics, office and residential buildings.
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2024-01-18 19:45:17
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