Founder of Spanish retailer Zara Amancio Ortega buys 1 acre site in West End

Amancio Ortega, the co-founder and former chairman of retail giant Inditex, is splashing out on a 1 acre “island site” on London’s Oxford Street for around £220m. Ortega is in talks to buy Jubilee House at 197-213 Oxford Street for around £165m, in a deal that reflects a yield of around 4.4%.

Property Week can also reveal he bought 215-219 Oxford Street next door for £55.1m in October, reflecting a yield of around 4%. The two buildings were brought to the market together by Irish investor Cosgrave Property Group in March 2010 for between £200m and £210m. But in October the decision was taken to sell them separately.

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I love these bibs with Kuwaiti slogans! They are adorable & fun

Just 3.5KD each!

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shop www.theoutnet.com for great finds! it is a sister company of net-a-porter, so all the items on sale end up in the out net

Karl Lagerfeld has put his designer touch on another collection of Diet Coke bottles.

For his second collection, Unkle Karl designed 3 bottles with the same pink, black and silver color palette as last year and instead of taking up the entire bottle, he shrunk his silhouette to 1/4 of the size.

The limited edition bottles hit shelves in June.

Amazing

$1620

 $1540

 $1540

Gold cases for your precious iPhone 4 are plenty. And in a quest to be different, CrystalRoc has come out with what is known as the ‘World’s First 24ct Gold iPhone 4 bumper’ that can be hooked on to your iPhone easily. Available in 24-carat Gold, Platinum or Silver, this added attachment doesn’t look out of place at all! Along with providing protection, these glitzy cases will add a bit of oomph to your iPhone 4. Prices start at £200($325), you can also pick one up at Harrods, London