Pontegadea, the investment arm of Amancio Ortega and one of the largest private real estate companies in the world, aims to invest €2 billion a year using the dividends received by its founder and the largest shareholder of Inditex. The company was founded in 2001 to invest dividends from the textile giant and has become a large-scale property buyer.
When the firm started, it had an annual budget of around €50 million. Now, “every year we have to invest around €2 billion,” said Roberto Cibeira, Executive Director of Pontegadea, in an interview with the Financial Times.
Translation/Summary: Carmel Drake