Zara founder Amancio Ortega has bought a central London office building for £82 million, just a month after spending around €100 million on offices in Dublin.
Pontegadea, the private firm owned by the Spanish billionaire, announced the purchase of 33 Foley Street, which was previously used by the BBC. The London office was then redeveloped by Kier Group plc and sold to Standard Life Investments in 2017.
The 34,000 square-feet (3,159 square-metre) building is in the fashionable Fitzrovia area near Oxford Circus. It was sold by UK investment company abrdn plc, according to Spanish newspaper Cinco Dias, which broke the news.
Amancio Ortega’s property portfolio was reportedly valued at €15.3 billion in 2021. Among notable buildings in its portfolio are:
- Torre Picasso and Torre Foster skyscrapers in Madrid, Spain
- Epic Tower in Miami, Florida, USA
- 5th Avenue Apple Store, a flagship retail store in New York City, USA
- Haussmann Boulevard, a series of luxury retail properties in Paris, France
- The Post Building mixed-use development in London, UK.
The Opus 6 Hanover Quay building in Dublin office was purchased at the end of March and is one of the most desirable addresses in the city.
