Ortega completes Adelphi acquisition from Blackstone


Blackstone has completed the sale of the Adelphi building in Covent Garden to Zara founder Amancio Ortega for around £550m.

Ortega’s investment vehicle Pontegadea emerged as the preferred bidder for the building last month, as reported in Property Week. ‎It was put on the market by Blackstone through agents Eastdil Secured and Knight Frank in April‎.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now