Retail magnate Amancio Ortega, who owns the Zara business among other things, is looking to buy the Mint Building with investment company Hines for an estimated £45 million, according to Spanish media sources.
It’s a nine-story skyscraper in St Andrew Square, near the St James Quarter, with little under 60,000 square feet of Grade A offices and 11,000 square feet of restaurant and retail space. It is now fully leased to FNZ, Nationwide Building Society, Franco Manca, and Tattu.
Lismore Real Estate Advisors, which is selling the property on Hines’ behalf, described it as a “landmark property”.
Lismore said: “The Mint Building represents a unique opportunity to invest in a landmark property that stands at the forefront of the city’s thriving office and leisure market, offering an unrivalled blend of location, design, tenant quality and immediate investment performance.”
With a net worth of over £85 billion, Ortega is currently ranked as the 12th richest person in the world according to Forbes’ real-time Billionaires list.