By
Bloomberg
Published
September 17, 2025
Billionaire Amancio Ortega’s investment firm is in contract to buy a luxury retail center in Miami’s Design District.
Ortega’s family office, Pontegadea, agreed to buy Miami’s Atlas Plaza for more than $105 million from owners Tricap, RFR Holding and Commerz Real AG, according to people familiar with the matter who asked not to be name citing private discussions.
A Newmark Group Inc. team including Adam Spies, Marcella Fasulo, Adam Doneger and Eric Williams is handling the sale.
Spokespeople for Pontegadea, RFR, and Newmark didn’t immediately respond to requests for comment. Representatives for Tricap and Commerz declined to comment.
The Inditex SA founder’s family office has been snapping up major real estate globally, striking deals this year including the purchase of Hotel Banke in Paris, an apartment building in Fort Lauderdale, Florida, and a building on Barcelona’s Diagonal Avenue.
The Atlas Plaza building is 100% rented to tenants including Rolex, according to marketing materials viewed by Bloomberg. In recent years, Miami’s Design District has become a shopping haven with luxury retailers occupying much of the space and paying higher rent.
Ortega has a net worth of nearly $115 billion, according to the Bloomberg Billionaires Index. His family office has been investing mostly in luxury commercial and residential real estate across a handful of cities in western Europe, the US and Canada. The firm already owns iconic sites including New York’s Haughwout Building and the Post Building in London.
Still, the firm has offloaded real estate recently, selling a Manhattan office building for less than half the price it was purchased for nearly two decades ago.
