A skyscraper has been bought for 165 million dollars

During 2024, the southern US states, with Texas and Florida at the head, registered the largest number of millionaire migrations thanks to more lax fiscal policies. A clear example were Jeff Bezos, who A tax lot was saved for the sale of shares with Your move to Miami; or Elon Musk, what He changed the headquarters from his Delaware to Texas companies after the judicial dispute For its salary bonus.

Good smell for Amancio Ortega businesshas led him to close the largest real estate operation in Pontegadea in 2025: a luxury building of 46 plants in one of the enclaves preferred by the Millionaires who move to Florida.

259 luxury apartments. Such and as they published The specialized real estate media, the founder of Inditex has carried out one of the most outstanding operations of the year by acquiring an emblematic skyscrapers in Fort Lauderdale. This acquisition not only reinforces Ortega’s presence in The American residential sectorbut also marks the return of Pontegadea to the High Standing housing market, after two years of investments oriented to the Logistic centers and office buildings.

The new property of the Amancio Ortega portfolio consists of the Las Olas Veno building, a 46 -plants luxury apartment tower divided into 259 apartments in the center of Fort Lauderdale, for which it has paid 165 million dollars (about 145 million euros to change). Which leaves an average of 560,000 euros per housing.

The building, finished in November 2024, has large common areas, swimming pools, gym, spa, leisure rooms and terraces. It is located about four kilometers from the beach of Las Olas, in a city known as the “Venice of America” ​​for its network of channels and its tourist attraction.

A pico for rent. The success of the purchase is not so much to have achieved the property at a “reasonable price”, but the High profitability of the area. As detailed in The building websitethe rentals in the Veneto the waves range between $ 4,411 per month for an apartment of 88 square meters with a bedroom and a bathroom, and the $ 15,440 per month for a two -bedroom duplex, three bathrooms and 191 square meters.

Fort Lauderdale is a consolidated tourist destination, which guarantees a High demand for luxury housing. The port of the city is one of the most active in the reception of cruise ships and bearing large luxury yachts, which makes this place an attractive destination for real estate investments of the great fortunes that seek a new home in Florida with less fiscal load.

It is not the most expensive building in Ortega. Veneto Las Olas is not the largest investment that Pontegadea has made in luxury residential buildings in the US, although it is the most relevant residential operation in Florida.

According The published by El Confidencial, In September 2022, the Ortega real estate group closed the acquisition of a apartments skyscraper at number 19 of Dutch Street, in full Manhattan for 487.5 million dollars, to which another 15.9 million would be added for transmission taxes. In addition, in August 2023, Pontegadea bought the West Loop tower in Chicago, with 492 residences distributed over 45 floors, for 232 million dollars.

The millionaire already had a presence in Florida after the Buy in 2016 of the Southeast Financial Center offices of Miami for 500 million dollars. A year earlier I had bought A commercial complex in Lincoln Road for 370 million dollars.

525 million in two months. With the closing of the Fort Lauderdale operation, PontegadeaIt gives folder to its fourth operation in just under two months, with a joint cost of 525 million euros.

In March 2025, the purchase of the headquarters of the Clifford Chance law firm in Luxembourg was announced for a price of 60 million euros, such and As I counted The confidential. In May, The purchase was closed of the emblematic headquarters of the Editorial Planeta in the Diagonal of Barcelona for a price of 250 million euros. The penultimate operation of Pontegadea was made public only one week, with the purchase of An office building In the old port area of ​​the Docklands, in Dublin, for a price of 70 million euros.

All benefits, zero debt. It should be remembered that, unlike the rest of large real estate companies, Pontegadea does not need to issue debt to face these investments since Amancio Ortega’s real estate arm is the Main Dividend Receiver Obtained by the millionaire of his other empire: Inditex.

In 2025, Pontegadea will receive a little less than 3,000 million euros for its 50,010% participation in the Inditex shareholders. All this capital has been allocated to real estate investments, which has resulted in one of the largest real estate in Spain, ahead of Colonial or Merlin, accumulating more than 120 properties in thirteen countries valued at 20,000 million euros, According to calculations of Europa Press.

In Xataka | Amancio Ortega: the billionaire who lives as one more neighbor (except for private jets and superyates)

Image | Gtres, Veneto Las Olas