By Nidaa Bakhsh - 2012-06-17T10:40:07Z

Amancio Ortega, Spain’s richest man, is in talks to buy the building that houses his Zara flagship store on Oxford Street in London, according to the Sunday Times.

The deal, worth 160 million pounds ($251 million) is expected to be signed tomorrow, the newspaper said, citing unidentified people. The building is at 333 Oxford Street and has offices above the store, according to the newspaper.

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