Zara founder Amancio Ortega’s buying spree on Oxford St

Kasmira Jefford
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Spain’s richest man Amancio Ortega
The billionaire founder of Spanish clothing empire Inditex has snapped up a cluster of buildings on the east end of London’s Oxford Street.

Amancio Ortega, who founded the fashion giant Zara in 1975, is understood to have bought a development at 26-48 Oxford Street from property companies Land Securities and Frogmore through his investment vehicle Ponte Gadea.

The building includes Primark’s 149,000 square feet flagship store as well as its extension and three other retail units, according to The Sunday Times.

The deal comes after Ortega bought Rio Tinto’s St James’s headquarters earlier this year for around £250m.

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