THE founder and main shareholder of the Spanish-based fashion group Inditex, Amancio Ortega, has made his first domestic property investment in the United Kingdom.
Ortega, 90, is estimated to be the world’s 15th wealthiest person with a net worth of over €125 billion.
He is one of Europe’s largest private property owners, with a portfolio that was valued at around €19.3 billion in 2024.
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Ortega and his then-wife opened their first Zara shop in 1975 and Its more than 2,000 outlets form the core of Inditex, which also has other outlets including Massimo Dutti and Pull&Bear.
Now Ortega’s investment arm, Pontegadea Inversiones has paid €175 million for an apartment block on Baker Street in the heart of London, according to Green Street News.
The purchase happened in February and the deal has been made public after a listing in the British Companies Registry.
Rents for the flats- said to be around 15- range from £7,275 to £9,850 per month, based on listings published by property manager Ila.
Ortega, 90, set up a new subsidiary in the United Kingdom and financed the operation through an intra-group loan.
The Spanish billionaire regularly invests in Britain via Pontegadea UK or Pontegadea GB.
Pontegadea UK, estimated the value of its real estate assets at €3.1 billion in 2025,
Last year it bought an Amazon warehouse in Liverpool for over €90 million which is leased in its entirety to the e-commerce giant on a long-term basis.
Ortega already has domestic property investments in New York, Boston, Chicago and Dublin.
Most of his property empire is however made up of premium offices, retail outlets and hotels.
They include Madrid’s Norman Foster-designed Torre Moeve, The Post in London, and part of Amazon’s headquarters in Seattle, known as the Troy Block.
Pontegadea’s portfolio of luxury housing includes 19 Dutch, a 63-story apartment building in Lower Manhattan, and 727 West Madison, a multifamily development in Chicago.
The family office funds its internation real estate acquisitions with the annual dividends generated by Ortega’s controlling stake in Inditex.
This year, he will pocket around €3.2 billion from the retailer.
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