Ortega completes Adelphi acquisition from Blackstone

Adelphi

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 content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue