Inditex founder acquires Madrid tower for EUR 400m

By A staff reporter 2012-01-02T00:00:00

Pontegadea Inmobiliaria, the property firm owned by Spain's richest man Amancio Ortega, has acquired the Torre Picasso skyscraper in Madrid for EUR 400 mln. The 157-metre tower - the tallest building in the Spanish capital from 1988 to 2007 - was sold in late December by Fomento de Construcciones y ...

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