His vast real estate empire, which is valued at more than $15 billion, can boast of having almost all the American big tech companies among its extensive list of tenants. The six buildings in the complex can house up to 6,000 employees, and the rent would be around €22 million a year, with a commitment to stay for the next 25 years, according to the data that has been published and on which Pontegadea has not commented.įacebook is not Ortega’s only technological tenant. In Madrid, the capital of Spain, Pontegadea welcomed the social network in its building at 35 Castellana Boulevard, a shared block of seven floors (plus three more underground, for parking) that until last spring was also the headquarters of the law firm DLA Piper.īut the Dublin operation is of a different scale: the 100,000 square meter complex is intended to be the largest headquarters of Meta (the parent company of Facebook, which also owns Instagram and WhatsApp) outside the US. The Seattle offices were acquired in 2019 for $415 million. The real estate company with which Ortega, founder of the Inditex fashion group (Zara, Bershka, Massimo Dutti and more) manages his investments, and from which he obtains the bulk of his wealth, already rents offices to Facebook in Madrid and Seattle. If the operation is completed, Facebook would not be a new tenant for Pontegadea.
And the new object of desire, a high-end office complex, is not an extravagance at all for a man who has known for years what it is like to be the landlord of the largest technology companies. It is a monumental operation ($550 million, according to published figures) in a year of great investment activity for the richest man in Spain. The news, revealed by specialized media, that Amancio Ortega’s real estate company is negotiating the purchase of Facebook’s future headquarters in Dublin, Ireland, has almost reached the category of paradigm.
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