Pontegadea acquires Sabadell Financial Center in Miami for $274 million

Miami, October 8, 2025 — Amancio Ortega, through his real estate investment arm Pontegadea, has completed the purchase of the Sabadell Financial Center in Miami for approximately $274.4 million (around €236 million). Located at 1111 Brickell Avenue, the 31-story tower stands as one of the most prominent office buildings in the city’s financial district.

The transaction marks the largest office real estate deal in South Florida in 2025, underscoring Ortega’s ongoing strategy to strengthen Pontegadea’s presence in the U.S. market. The building, which houses Banco Sabadell’s U.S. headquarters, as well as investment firms and law offices, was previously owned by KKR and Parkway, who acquired it in 2018 and invested about $10 million in renovations.

This acquisition adds to Pontegadea’s impressive U.S. portfolio, which already includes landmark properties in New York, Chicago, Seattle, and Washington, D.C. Just weeks before, Ortega had also purchased a luxury residential tower in Fort Lauderdale for approximately $165 million.

With this new acquisition, the U.S. now represents nearly 30% of Pontegadea’s global real estate portfolio, while Spain accounts for 25% and the United Kingdom about 20%. The group’s strategy continues to focus on premium, income-generating assets in prime global locations, consolidating Pontegadea’s reputation as one of the world’s largest private real estate investors.