Global Capital Eyes Canada’s Office and Industrial Assets
- ClearView Insider
- Nov 25, 2025
- 1 min read
Spanish billionaire Amancio Ortega, founder of Zara and controlling shareholder of Inditex, continues to expand his Canadian real estate footprint through his investment firm, Pontegadea. Over the past decade, Ortega has steadily acquired a collection of high-quality office and industrial assets across major Canadian markets.
His Canadian purchases include:
• 150 Bloor St. West, Toronto (2014) — Acquired for $255 million
• Royal Bank Plaza, Toronto (2022) — Landmark office complex purchased for $1.2 billion
• Burnaby Distribution Centre (2024) — A 970,000-sq.-ft. logistics facility acquired for $400 million
• The Post, Vancouver (2024) — A newly redeveloped, Amazon-anchored office tower purchased for $1.1 billion
This sequence of transactions underscores the continued appeal of Canadian core assets to global capital — particularly well-located office towers and large-format logistics facilities with long-term tenancy strength.
These moves highlight that institutional-grade Canadian assets continue to attract global buyers, even as office and industrial markets evolve. It’s a reminder of the importance of asset quality, tenant strength, and long-term fundamentals in today’s investment landscape.
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Source: Financial Post