Amancio Ortega finalizes the purchase of the Sabadell Financial Center in Miami for 235 million.

Inditex founder and largest shareholder, Amancio Ortega, through his investment arm Pontegadea , is finalizing the acquisition of the Sabadell Financial Center , where Banco Sabadell's offices are located in Miami, from KKR and Parkway for $275 million (€235.23 million), according to sources familiar with the transaction confirmed to Europa Press.

Specifically, Pontegadea is in negotiations to acquire this 30-story office tower, located at 1111 Brickell Avenue, according to The Real Deal, which states that if the deal closes, it would be the largest office sale so far this year in South Florida.

The investment vehicle of the founder of Inditex has approached this purchase through its US subsidiary, Ponte Gadea, according to 'Cinco Días' on Monday.

This purchase follows last week's acquisition of a hotel in Paris for €97 million from the Spanish chain Derby Hotels. The hotel is located in a historic building in the center of the French capital and was acquired by Derby Hotels in 2007 for €75 million.

In addition, Ortega's investment vehicle recently closed the purchase of an office building in Barcelona that houses the headquarters of Grupo Planeta from Blackstone for $284 million (€250 million), which would make it Ortega's largest acquisition in Spain since the purchase of the Torre Foster in Madrid in 2016 for $490 million.

Pontegadea, formed by the companies Pontegadea Inversiones, Partler 2006, and Pontegadea GB 2020, earned €9.322 billion in 2024, which is 17.3% more than in the previous year.

The group's assets reached a valuation of €110.615 billion, representing a 9.3% increase compared to €101.117 billion in 2003.

The conglomerate recorded revenue of €43.125 billion , an increase of 8.7%, while its net worth rose to €90.546 billion, up from €82.558 billion in 2023.

Pontegadea's business model is based on the acquisition and management of non-residential buildings —primarily offices—located primarily in the centers of major cities around the world.

In addition to offices, the founder of Inditex owns hotels, logistics warehouses, residential blocks, and shopping centers, among other properties, spread across countries such as Spain, the United States, France, Canada, and Korea.

The founder of Inditex, who controls 59.294% of the company, equivalent to 1.848 billion shares, invests part of the dividends he receives from Inditex in the real estate sector.

Specifically, Ortega will receive €3.104 billion in dividends from the company this year, up from the €2.845 billion he received in this regard last year, when his dividend increased by 28%.

In this way, the founder of Inditex owns the largest Spanish real estate company , focused on the purchase and management of large buildings, with a portfolio of real estate assets consisting primarily of non-residential office buildings located in the centre of major cities in Spain, the United Kingdom, the United States and Asia.