Amancio Ortega is also the main shareholder of fashion giant Inditex. And he is one of the world’s 30 wealthiest entrepreneurs.
Kiara Tower is based in Seattle’s South Lake Union neighbourhood in the US. It has 461 luxury apartments and it is 133 meters tall with an incredible view and all kinds of amenities. It was opened in 2018.
It ranges from studios and one-bed, one-bath buildings to three-bed, three-bathroom apartments. The differentiating things are it has penthouses with smart home technology. The 41st floor is the rooftop with a grill, dining area, well-designed lounge seating facility, and outdoor seating.
For the fun of residence, they have built a game room that has a pool table, poker table, games tabletop, and much other fun and play equipment. For those who do physical activities, they have a fitness centre with all of the latest matrix equipment.
These all are hints that Seattle has emerged as the real estate hub and many bigger projects are lined up there.
In the past, it was owned by Vancouver, Washington-based Holland residential. It has properties in Washington, Oregon, Arizona, Colorado, and California.
Kiara skyscraper is the second acquisition of Amancio Ortega under residential real estate in the US, after accepting to acquire the New York Building this year.
Amancio Ortega gets hundreds of millions of euros in dividends each year for a 59% stake owned in Inditex SA.
His most significant investment is an office building in Seattle. And it is the landlord of Amazon.com Inc.
The company has diversified its investment by surpassing real estate, it covers telecommunications, energy infrastructure, and renewable energy plants. In 2022, Pontegadea also invested about $700 million in logistics facilities in the United States. And this was the first one in this sector.
