Finance
Zara founder Ortega buys Barcelona office building for $283 million, sources say
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 30, 2025
1 min readLast updated: January 23, 2026
Amancio Ortega, founder of Zara, has purchased a Barcelona office building from Blackstone for €250 million, expanding his real estate holdings.
By Corina Pons
MADRID (Reuters) -Zara founder Amancio Ortega has bought an office building in Barcelona from Blackstone for 250 million euros ($283 million), two sources familiar with the transaction said on Friday.
Blackstone sold the 28,000-square-metre building on Avenida Diagonal, currently rented by the Spanish editorial business Planeta, to Ortega's investment vehicle Pontegadea, the sources said.
Pontegadea and Blackstone did not comment about the agreement.
Pontegadea, which owns more than $20 billion of real estate assets, has invested in several office towers and luxury buildings in Europe and North America.
It has also diversified its portfolio by buying energy and logistics assets.
Ortega controls 59.29% of Zara-owner Inditex through Pontegadea Inversiones and Partler Participaciones.
($1 = 0.8826 euros)
(Reporting by Corina Pons; editing by Charlie Devereux and Hugh Lawson)
Amancio Ortega, the founder of Zara, purchased the office building.
Ortega bought the office building for 250 million euros, equivalent to $283 million.
The office building was sold to Ortega by Blackstone.
The office building spans 28,000 square meters.
Pontegadea invests in office towers, luxury buildings, and has diversified into energy and logistics assets.
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