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he started selling coats women in Galicia and today is the second richest man in the world, according to Forbes, with a fortune of US $ 68,200 million.
Spanish businessman Amancio Ortega is known for founding a textile empire Inditex, with such international brands as Zara or Pull & amp; Bear
But in the shadow of this empire, Ortega is building another: the real estate
co-founder of Zara .. (along with his first wife, now deceased) has purchased in recent years some of the most emblematic of the most expensive cities in the world buildings.
property portfolio is valued at more than US $ 8,000 million, according to estimates by Forbes.
it is twice the value which granted him in 2013.
Two of the last major purchases entrepreneur were in New York and Seoul (South Korea), confirmed to BBC a spokesman for Pontegadea , the real estate group magnate.
Ortega, 79, closed last December purchase building Haughwout, on Broadway street in New York.
And in February this year landed as a real estate investor in Asia, buying the M Plaza building, 27,000 square meters.
Presence in nine countries
Ortega created Pontegadea in 2002 with part of the liquidity obtained through the sale of part of the shares of Inditex, and took advantage of the economic crisis in Spain and other countries to whet your portfolio.
the company, which has no website despite the valuable assets managed, is based in the village of Arteixo (in the province of La Coruña), in the same complex which it is based Inditex.
From Arteixo, Pontegadea purchase through subsidiaries in each country.
It currently owns real estate assets in nine countries, as confirmed to the BBC the company they work for about 40 people.
Its properties are already spread United Kingdom, Spain, France, Italy, Portugal, United States, Canada, Mexico and South Korea.
the real estate, headed by Ortega, belongs to Pontegadea Investments, owned by Ortega and Inditex maximum shareholder, with 50.01%.
Although Ortega resigned as Inditex president in 2011, still retains 59.29% of the shares through Investment and Partler Pontegadea.
last year pocketed more than US $ 1,000 million in dividends.
and much of those dividends invests in properties, which rents for office and retail space.
in Spain and abroad
Although some of its local rents to Inditex, Ortega has no problems in renting their buildings to competition.
For example, the employer rents the chain of low-cost clothing Primark one of the buildings it owns in the famous shopping street Oxford Street in London.
Ortega bought the entire block last year by more than US $ 700 million, as reported by British media (the company does not make public the amount of its operations, unless the set the controller)
and the Swedish chain H &. M t iene a shop in a building owned by Ortega in the Gran via of Madrid and one on Powell street in San Francisco.
the company usually buy entire buildings, in the most exclusive areas, and occupied by a “solvent” client, told the Spanish newspaper El Pais in 2014.
Ortega rent their properties to Apple in Barcelona or Paris and Google and consulting Deloitte at the Picasso Tower in Madrid.
in the British capital, Ortega also bought in 2013 the Devonshire House building, next to Green Park, for more than US $ 560 million.
The building has an area of over 16,000 square meters and houses offices and shops.
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