What Were the Top Investments of Spanish Family Offices in 2025?

Spanish family offices executed their most active investment year in recent memory during 2025, deploying over €3 billion in verified transactions across real estate, infrastructure, private education, hospitality, and venture capital. Pontegadea, the family office of Inditex founder Amancio Ortega, dominated deal volume with roughly €2 billion in global property acquisitions alone, while the March family’s Corporación Financiera Alba made headlines with a $600 million stake in international education group Nord Anglia. The research in this article also contributed directly to the list of the Top 30 family offices in Spain.

Pontegadea leads with blockbuster global real estate deals

Ortega’s Pontegadea continued its strategy of reinvesting Inditex dividends—expected to reach €3.3 billion in 2025—into prime commercial real estate with blue-chip tenants. The family office’s largest transaction was the November acquisition of The Post in Vancouver for approximately C$1.2 billion (~€800 million), a 1.3 million square foot mixed-use complex that serves as Amazon’s Canadian headquarters. This marked the largest single office deal in Canadian history for the year.

In the United States, Pontegadea acquired the Sabadell Financial Center in Miami’s Brickell district for $275 million—South Florida’s biggest office transaction of 2025—along with the Veneto Las Olas luxury residential tower in Fort Lauderdale for $165 million and the Atlas Plaza retail assemblage in the Miami Design District for $110 million. In Europe, the family office purchased Planeta Group’s Barcelona headquarters from Blackstone for €250 million (its largest Spanish deal since 2016) and the five-star Hotel Banke in Paris for €97 million. Pontegadea also diversified into infrastructure for the first time, acquiring a 49% stake in PD Ports, a major UK ports operator managing 11 locations including Teesport.

March, Koplowitz, and Abelló families pursue strategic transactions

The March family executed one of the year’s most significant deals through Corporación Financiera Alba, investing approximately $600 million for a 6% stake in Nord Anglia Education as part of an EQT-led consortium that valued the international school operator at $14.5 billion. Nord Anglia operates 80+ schools across 33 countries, including two in Spain. The March family subsequently completed a tender offer to delist Alba from the Spanish stock exchange at a 78.8% premium, consolidating full private control.

Omega Capital, the investment vehicle of billionaire Alicia Koplowitz, consolidated its position in luxury hospitality by acquiring the remaining 50% of Hospes Hotels from Asian partner Gaw Capital. The deal gave Omega Capital full ownership of 10 boutique properties across Spain and Portugal generating €46 million in annual revenue. The Abelló family’s Torreal meanwhile expanded its industrial portfolio with a minority stake in Italian machinery manufacturer Piovan (partnering with Investindustrial) and increased its stake in Linneo Health from 43% to 50.8%.

Venture capital and emerging family offices show growing ambition

Younger investment vehicles demonstrated increased activity in growth-stage deals. Orilla Asset Management, representing the Riberas family (Gestamp), led a funding round in Consultia Business Travel. Angels Capital, the VC arm of Mercadona founder Juan Roig, invested in AI-powered energy startup Clevergy and deployed over €2 million across a dozen portfolio companies, part of a broader plan to reach €50 million invested in 100 startups by 2027.

In hospitality, the Ibervalles family office from Valladolid announced a joint venture with ARD Investment to acquire Hotel Miragem Cascais in Portugal for €125 million. The vehicle subsequently went public on BME Scaleup in December with a €92.8 million valuation. Meanwhile, Corpfin Capital closed its sixth fund at €300 million—oversubscribed by 40%—with significant backing from Spanish family offices and pension funds.

Picture Source: Sara Canonici, Unsplash+