Amancio Ortega buys a Walmart logistics center in California for nearly $100 million

Madrid, July 12 (European Press) –

The founder and first shareholder of Inditex, Amancio Ortega, has bought an automated logistics center for Walmart in California (USA) for $ 109 million (98.9 million euros), sources familiar with the operation confirmed to Europa Press.

Specifically, Ortega, through his investment arm Pontegadia, closed the purchase of this logistics center of about 30,000 square meters, located in the Inland Empire, in Southern California, as reported by US media specializing in real estate.

This operation comes a year after the founder of Zara made his first foray into the field of logistics services by purchasing a FedEx platform in Wisconsin (USA) for about 825 million euros and a second logistics asset, specifically a distribution center in Philadelphia (Pennsylvania) for about 147 million euros.

As part of its commitment to logistics, Ortega has recently bought into Europe, having acquired its first logistics warehouse on the ‘old continent’ in the Netherlands at the end of June for around 105 million euros. The property, a 103,000 square meter logistics platform, is located in the Dutch city of Venlo and has been leased to the transportation and logistics company DSV until 2033.

Ortega made a total of 1,108.5 million euros on May 2 for the first bonus of the year that Inditex will pay to its shareholders, half of what it will receive in dividends from the Galician this year.

This year, the businessman will receive 2,217 million euros from the company’s profits, on top of the 1,718 million euros he received for the concept last year.

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The founder of Inditex invests part of the profits he receives from the textile company in the real estate sector through his investment company Pontegadea Inmobiliaria.

Ortega owns the largest Spanish real estate agency, focused on the purchase and management of large buildings, with a portfolio of real estate assets consisting primarily of non-residential office buildings located in major city centers in Spain, the United Kingdom, the United States and Asia.

Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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