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Amancio Ortega, the founder and main shareholder of Inditex, has returned to give the bell in London buying a new office building in the center of the city.
The complex, called The Post, is an old post office building with more than 30,000 square meters fully rehabilitated, which has cost around 600 million pounds (703 million euros) and is the headquarters of the consulting firm McKinsey.
Beyond the spectacular operation, which can be one of the most expensive in the investment trajectory of this businessman, in London there has been much speculation with the political reading that this purchase can have.
Within a week of the general elections in the United Kingdom and in the midst of the battle for Brexit, many read this purchase as a boost to the Boris Johnson Government and a commitment to London, despite all the doubts that circulate about the future of the city
Others who know well the way of working of Pontegadea, the company that invests Ortega's money in real estate assets, assure that the Spanish businessman has no intention of sending political messages to anyone. And that he limits himself to buying good buildings, in prime places and with long-term tenants. They are where they are, including a place like London, which in their opinion, has a business center.
Another observer indicates that Ortega only buys in the center of London, but not in the City or Canary Wharf, the financial districts that may be affected by Brexit and the departure of companies to the continent.
Ortega buys in the West End, an area in total boiling full of hedge funds, consulting firms and technology companies, among other firms. A walk through there and a look at the rents show that the crisis is not around the corner.
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