SPAIN’S richest man is in talks to purchase a flagship office block in Edinburgh city centre.
Retail billionaire Amancio Ortega, who own the Zara chain among others, is looking to buy the Mint Building with investment manager Hines for an estimated £45 million, according to reports in Spain.
A nine-storey building in St Andrew Square, close to the St James Quarter, it features just under 60,000 sq ft of Grade A offices and 11,000 sq ft of restaurant and retail units. It is currently fully leased to FNZ, Nationwide Building Society, Franco Manca and Tattu.
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Lismore Real Estate Advisors, which is selling the property on behalf of Hines, described it as a “landmark property”.
Lismore said: “The Mint Building represents a unique opportunity to invest in a landmark property that stands at the forefront of the city’s thriving office and leisure market, offering an unrivalled blend of location, design, tenant quality and immediate investment performance.”
With a net worth of over £85 billion, Ortega is currently ranked as the 12th richest person in the world according to Forbes’ real-time Billionaires list.
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