Amancio Ortega Is The New Home of Primark, H & M and Mango in The Gran VíA of Madrid

The next winter of 2015 Primark It will open the doors of its most awaited shop in Spain. It will be in the Gran Via of Madrid, at number 32. Four floors with more than 15,000 square meters to share out into the street with their closest rivals: Lefties, H & M and Mango. Today we see how the building of low cost has a new owner: Amancio Ortega.

The founder of Inditex recently bought, through his company Pontegadea group, this emblematic building by a figure that has not disclosed to the owners of the property (PSP Investments, the pension APG, Phoenix Group and Sun Capital Partners Fund), represented by Dragon Capital, reported the own management.

Real estate sources consulted by Europa Press reported that the starting price of sale of the building would be around the 400 million euros.

Gran Via 32 building was designed by the architect Teodoro de Anasagasti, designed in 1924, and with a total built surface of 36.376 square meters in nine plants.

In this way, Amancio Ortega becomes the new lessor of the companies competing, especially of Primark, which will open its largest in Spain store in Gran Via 32. An opening which will revolutionize the influx of visitors and sales of low cost in a single block. In one way or another, the winner of operation end up being the owner of Inditex, which is consolidating his power as one of the men of the brick at the international level.