Home » The rental subsidiary of Pontegadea expands by 100 million
The rental subsidiary of Pontegadea expands by 100 million
Pontegadea Spain is the new name of the Torre Norte Castellana company after it was segregated from the rental business of Pontegadea Inmobiliaria (which includes the real estate empire of the founder of Inditex, Amancio Ortega) has increased capital by 100 million euros.
The Official Bulletin of the Mercantile Registry (BORME) records the registration of the segregation of these assets for rent to the company Torre Norte Castellana, which owns, among other properties, the tower that houses the Cepsa offices in Madrid.
In addition, the mercantile registry of A Coruña includes the change of name of Torre Norte Castilian by that of Pontegadea Spain and the extension of its capital by 100 million euros.
In November, Pontegadea sources explained that the rental business of Pontegadea Inmobiliaria would be segregated into a subsidiary to equip its structure to the one it has in the rest of the world, where it already had subsidiaries in charge of the rental business of the properties it owns, while in Spain there was no division between the asset management company and the management of the income.
Pontegadea Inmobiliaria, with properties valued at around 1,500 million in Spain, belongs to Pontegadea Inversiones, a company that also owns the shareholding of Amancio Ortega in Inditex, a group that controls 59% of its capital.
The above article was written and published in Spanish and has been translated into English. Click here to read the original article.