Urgent.News

What's breaking now, across thousands of outlets.

Editions

Finance & Markets

El ‘banco’ propio de Amancio Ortega con el que se presta 2.500 millones para compras inmobiliarias

El fundador de Inditex utiliza la empresa Esparelle 2016, que el pasado año perdió 47 millones, para financiar sus operaciones

El ‘banco’ propio de Amancio Ortega con el que se presta 2.500 millones para compras inmobiliarias

Amancio Ortega's company Pontegadea has purchased a 86-apartment complex in Marylebone, one of London's most exclusive neighborhoods, for 175 million euros. This marks Pontegadea's first foray into the residential rental (build to rent) sector in the United Kingdom. To finance the operation, the company established a subsidiary in the UK and took out an intragroup loan.

The property at 219 Baker Street is the first residential purchase for Pontegadea in the UK, following prior investments in office spaces and logistics in recent years.

The price of the 86 apartments in Baker Street reflects an initial net return on investment of over 4%. As of December 31, 2025, the company's total UK property value amounted to 2.7 billion pounds (3.16 billion euros), a 13% increase. By December 31, 2025, Pontegadea UK's gross property value, including both land and buildings, reached 2.311 million pounds.

In July, EXPANSION reported that Pontegadea's UK earnings in 2025 reached 129.2 million pounds (151 million euros), a 12% increase, with a gross profit of 81.9 million pounds, representing a 10.4% growth driven by the acquisition of new properties and higher rental income.

Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at cincodias.elpais.com →

More in Finance & Markets

Why the US economy is ringing alarm bells

What with a 250th birthday, Taylor Swift’s wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer.

  • US national debt exceeds $40tn, alarming both domestically and internationally
  • Debt surge attributed to increased public spending during Trump and Biden administrations
  • Higher interest rates due to inflation concerns and scale of US borrowing strain fiscal landscape

More from Friday 21 August →