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Financial District Apartments Trade to Amancio Ortega’s Real Estate Group
Inditex founder Amancio Ortega’s real property group, Pontegadea, is acquiring 19 Dutch St., a 64-story, 500-unit luxury multifamily property in Manhattan’s Financial District, according to sources familiar with the transaction. Pontegadea is paying $500 million, or roughly $1 million per unit, to acquire the property from Carmel Partners.
Sources said a Cushman & Wakefield team led by Doug Harmon brokered the deal. Cushman & Wakefield declined to comment.
Carmel Partners, which developed 19 Dutch St., completing it in 2019, reportedly put it up for sale earlier this year. Located four blocks east of the redeveloped World Trade Center, the property includes ground-floor retail.
- ◦Sale/Acquisition

