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Inditex founder Amancio Ortega buys Toronto skyscaper for $916 million

MADRID (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has agreed to buy a landmark Canadian skyscraper for around 800 million euros ($916.88 million), according...
Inditex founder Amancio Ortega buys Toronto skyscaper for $916 million © Reuters. FILE PHOTO: A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo

MADRID (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has agreed to buy a landmark Canadian skyscraper for around 800 million euros ($916.88 million), according to his private office.

Pontegadea, the family office of the main shareholder of fashion group Inditex (MC:ITX), on Thursday confirmed the deal to buy Toronto's Royal Bank Plaza, which was first reported by Bloomberg News in Canada.

Current owners Oxford Properties Group and Canada Pension Plan Investment Board (CPPIB) hired RBC Capital Markets to explore a potential sale last September.

A landmark in Toronto's financial district, the downtown office complex is home to leading banks, law firms and technology companies and covers some 1.5 million square feet across its two towers.

Oxford Properties did not immediately respond to a request for comment.

Pontegadea has focused on investing in real-estate assets and textile distribution but recently became the largest private investor in Spain's electricity grid operator Red Electrica, with a 5% stake, and also bought a 49% stake in a wind farm operated by Spanish energy group Repsol (OTC:REPYY).

($1 = 0.8725 euros)

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17-01-2022 10:35:15 (UTC+7)

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 EUR/USD1.1405↑ Buy
 GBP/USD1.3649Buy
 USD/JPY114.56↑ Sell
 AUD/USD0.7215↑ Buy
 USD/CAD1.2512↑ Sell
 EUR/JPY130.64Buy
 EUR/CHF1.0423Neutral
 Gold1,818.45↑ Sell
 Silver23.008↑ Buy
 Copper4.4205Buy
 Crude Oil WTI83.38↑ Buy
 Brent Oil86.10↑ Buy
 Natural Gas4.308↑ Buy
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,302.55Buy
 S&P 5004,662.85↑ Buy
 DAX15,946.17Buy
 FTSE 1007,607.60↑ Sell
 Hang Seng24,218.03↑ Buy
 Small Cap 20002,161.30Sell
 IBEX 358,845.42↑ Sell
 BASF68.125↑ Sell
 Bayer52.91↑ Buy
 Allianz226.40↑ Sell
 Adidas252.50↑ Sell
 Lufthansa7.220Neutral
 Siemens AG146.86Buy
 Deutsche Bank AG12.011Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,120/ 6,160
(0/ 0) # 1,148
SJC HCM6,110/ 6,170
(10/ 0) # 1,158
SJC Hanoi6,110/ 6,172
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SJC Danang6,110/ 6,172
(10/ 0) # 1,160
SJC Nhatrang6,110/ 6,172
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SJC Cantho6,110/ 6,172
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