Inditex chairman Amancio Ortega is teaming up with Santander's Portuguese private banking arm Banco Internacional do Funchal (Banif) to buy an office complex in the centre of Berlin. Banif's property unit, Banif Immobiliare, and Ortega, owner of fashion retail chain giant Zara, are buying the building from the US property company Tishman Speyer for EUR 275 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
