Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

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.

@LukeToddUK

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.