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Insurance Companies Own Real Estate Worth €10 Billion

Just over half of the real estate portfolios owned by insurance companies, measured in value, were located in the province of Madrid. But international companies have also set their sights on the Spanish market.

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Real estate investment by the insurance sector, excluding pension funds, exceeded 10 billion euros at the end of September, -it amounted to 10.5 billion euros, to be specific -, a figure that has remained constant in recent years.

To put this into context, only one businessman overshadows that figure in terms of quality and diversity on a personal basis. Pontegadea, the company that groups together the properties of businessman Amancio Ortega, the owner of Inditex, currently holds assets valued at 15.2 billion euros and located all over the planet.

Read the full article in Spanish.

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