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Craig Williams & Lucy Farrell

Spanish billionaire and Zara founder buys £200m Glasgow building

Zara Glasgow Amancio Ortega Inditex Spain

Spanish billionaire and Zara owner Amancio Ortega has acquired a Glasgow building for £200m.

Ortega is Spain's wealthiest man and founder of Inditex fashion brand - the owner of labels such as Berska, Massimo Dutti, and Stradivarius - procured the development through Pontegadea - Oretga's real estate agency, GlasgowLive reports.

The 86-year-old businessman launched his first Zara store with his wife back in 1975 in A Coruña, in the Galicia region in Spain, and is currently rated as the third richest man in Europe - with an estimated net worth of £46 billion.

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