Spain’s Richest Man Amancio Ortega Buys Glasgow Building for $254 Million

Amancio Ortega, the billionaire behind the Zara fashion brand, has bought a commercial building in Glasgow for 200 million pounds ($254 million).

The development, which hosts BNP Paribas and Aecom’s offices in the Scottish city, was purchased from HFD Group, according to React News and Spanish website El Confidencial. A representative for Ortega’s family office confirmed the transaction to Bloomberg News.