Amancio Ortega, the founder of the fast fashion brand Zara, is withdrawing Pontegadea, the family office that manages his personal assets, from the Korean commercial real estate market. It has been 10 years since Pontegadea started investing in commercial real estate in Korea, starting with M Plaza located in Myeongdong in 2015. Pontegadea went on to acquire M Plaza from Invesco for approximately KRW 430 billion, and later in 2016, it attracted attention by purchasing a building with a long-term leased with H&M, a Zara competitor, located on Garosu-gil for KRW 32.5 billion. Afterwards, additional investments were considered, including Myeongdong Hyde Park, but there were no additional acquisitions. […]