Amancio Ortega's Pontegadea negotiates $500M purchase of Chicago skyscraper One North Wacker
Amancio Ortega, through his investment vehicle Pontegadea, is negotiating the acquisition of One North Wacker, a 50-story skyscraper in Chicago's financial district, for approximately $500 million (€440 million). The building, currently owned by real estate mogul Donald Bren, stands 199 meters tall and is located at 1 North Wacker Drive in the Loop district. This would be another "trophy asset" for the Zara founder's growing real estate portfolio.
Key quotes
Amancio Ortega, fundador de Zara, ha puesto los ojos en lo que se suele llamar en el mercado inmobiliario como activo trofeo.
Se trata del edificio One North Wacker, un rascacielos de 50 plantas en pleno Loop (distrito financiero) de Chicago, Estados Unidos.
Pontegadea, el vehículo inversor del magnate del textil está negociando la adquisición de ese torre al empresario inmobiliario Donald Bren por alrededor de 500 millones de dólares (440 millones de euros al cambio actual).
From the article
Pontegadea negocia la compra de la torre de UBS en el centro de la ciudad estadounidense
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