Zara founder Amancio Ortega’s private investment firm is on a global deal spree, picking up a string of trophy assets in recent weeks as he seeks to deploy his expanding fortune to avoid wealth taxes.
The Inditex SA founder’s family office, Pontegadea, snapped up a five-star Paris hotel, a Florida apartment block and a building on Barcelona’s iconic Diagonal Avenue as part of transactions totaling more than $500 million in the past three months, according to data compiled by Bloomberg. The A Coruna, Spain-based firm is also in talks to buy an office building in Miami for $275 ...
