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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Zara founder buys London BBC building.

Inditex founder Amancio Ortega Photo Credit: Miguel Vidal Inditex founder Amancio Ortega Photo Credit: Miguel Vidal
Inditex founder Amancio Ortega Photo Credit: Miguel Vidal Inditex founder Amancio Ortega Photo Credit: Miguel Vidal

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Pontegadea, Amancio Ortega’s private corporation, bought a central London BBC property for 82 million pounds ($102 million) on Wednesday.

Last month, Ortega paid 100 million euros ($109 million) for a luxury Dublin apartment building with 120 rental units.

Ortega’s organization also bought luxury US and Canadian residential and corporate properties.

Pontegadea bought Abrdn fund’s 33 Foley Street office building in Fitzrovia near Oxford Circus, according to the Spanish newspaper Cinco Dias.

The story indicates the structure was transformed from a BBC office.


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