Amancio Ortega-owned Pontegadea to acquire Kiara skyscraper for $323m.

Pontegadea, a family office of Amancio Ortega, agreed to acquire a 40-floor Kiara skyscraper for $323m. This is Pontegadea’s second acquisition of premium residential real estate in the US. Traditionally, the firm focused on high-end office buildings and retail sites. Ortega receives hundreds of millions of euros in dividends every year for his 59% stake in Inditex, Zara's parent company.