QuadReal announced Thursday that it has sold The Post mixed-use office property in downtown Vancouver.

The company did not disclose the sale price or the buyer. But Bloomberg and other media outlets reported that Spanish billionaire Amancio Ortega purchased the iconic Amazon-anchored property through his investment firm Pontegadea Inversiones for $1.1 billion.

Michael Emmott, a principal of Avison Young, told Business in Vancouver, that the deal ranks as the largest single office-property sale in the city’s history. The purchaser bought The Post as part of its mandate to acquire the highest-calibre office properties in the world’s best-performing real estate markets, he added in the interview.

The deal is also a testament to the strength of Vancouver’s office market and indicative of the current demand for high-quality product, he told BIV.

QuadReal will remain as the asset manager for the 1.1-million-square-foot site. The Post is the redevelopment of Canada Post’s former central postal station. The property’s other tenants include Sony Pictures Imageworks.

Pictured: The Post mixed-use office building in downtown Vancouver.

Photo: Courtesy of QuadReal