Zara Owner Withdraws From Dublin Building Deal: Sunday Times

Amancio Ortega, the billionaire founder of the Zara clothing chain, pulled out of a 550 million euro ($588 million) deal to buy the Dublin office development that forms part of Meta Platforms Inc.’s European headquarters, the Sunday Times reported.

Meta signed a 25-year lease on the Fibonacci Square complex in 2018 and agreed to pay an annual rent of 22.5 million euros, according to the report, citing sources it didn’t identify. A decision by the tech company last year to only occupy space at the rear of the site and seek a sub-let on the rest altered the ...