Amancio Ortega buys an apartment tower in Chicago for 212 million

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The founder and first shareholder of Inditex, Amancio Ortegathrough its investment arm Pontegadea, resumes its real estate investments in the United States after buying a property in Chicago apartment tower for 232 million dollars (about 212 million euros), as confirmed to Europa Press by sources familiar with the operation.

Specifically, Ortega, through his investment arm Pontegadea, has acquired this luxury apartment property from Ares Management and F&F Realty, which has 492 apartments spread over 45 floorsas reported ‘The Real Deal’, which specifies that it is the tallest building in Chicago west of the Kennedy Expressway.

This acquisition in West Loop It is the highest price paid for an apartment block in downtown Chicago since before the pandemic, according to the newspaper. ‘Chicago Business’.

In this way, Pontegadea continues with its real estate investments in the United States after buying the Kiara tower at the end of last year, a 461 luxury home skyscraper in Seattle for $324 million (about 305 million euros).

In October 2022, the founder of Inditex closed the purchase of a luxury apartment skyscraper in New York for about 500 million dollarsfor which he paid around 505 million euros.

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