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Zara founder snaps up Oxford Street properties

Zara founder Amancio Ortega, has bought a stretch of buildings on the east end of London’s Oxford Street for more than £400m.

The deal includes Primark’s 149,000 sq ft flagship, a development at 26-48 Oxford Street and two other retail units, according to the Sunday Times.

The transactions with property firms Land Securities and Frogmore were reportedly handled through investment vehicle Ponte Gadea.

Billionaire Ortega is Spain’s richest man. As well as Zara, which he founded in 1975, his Inditex fashion empire includes Massimo Dutti, Bershka and Pull & Bear.


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