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Spanish Billionaire Ortega Said to Pay $670m for London Building 2013-12-23 16:27:12.906 GMT
By Jim Silver Dec. 23 (Bloomberg) -- Amancio Ortega, owner of clothing retailer Inditex, bought office building in London’s West End for GBP410m, person with knowledge of the matter tells Bloomberg’s Patrick Gower and David M. Levitt. * Ortega’s Ponte Gadea bought Devonshire House, a 1920s property opposite Ritz hotel, from estate of Lehman Brothers Holdings, person says * Joelle Halperin, spokeswoman for Lehman Brothers, declines to comment * Ponte Gadea didn’t respond to calls, e-mail requesting comment * Estates Gazette reported news earlier today
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--Editor: Andrea Snyder
To contact the reporter on this story: Jim Silver in New York at +1-212-617-7342 or jsilver@bloomberg.net
To contact the editor responsible for this story: Andrea Snyder at +1-202-624-1831 or asnyder5@bloomberg.net