 In 2016 it was bought by Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex (ITX.MC), for €90 million euros through his property investment arm, Pontegadea Inmobiliaria, one of the biggest property companies in Spain.He purchased the tower from Abu Dhabi tycoon Khadem al-Qubaisi, whose fund had exercised a last-minute purchase option from Spanish lender Bankia (BKIA.MC), its previous owner.It was built by a joint venture of Dragados and Fomento de Construcciones y Contratas.