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Zara founder's real estate arm buys Amazon offices in Seattle

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This is the Spanish fund's biggest ever deal in the United States.

People shop at a Zara store during the grand opening of The Hudson Yards development, a residential, commercial, and retail space on Manhattan’s West side in New York City.

Pontegadea bought the buildings from US investment fund USAA Real Estate, the spokesman said, adding it was the Spanish fund’s biggest ever deal in the United States. Ortega has made largely debt-free purchases of prime buildings from London to New York, becoming a major commercial real estate player, using the cash from massive dividend payouts from Inditex.

 

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