Amancio Ortega buys logistics warehouse in Canada leased from Amazon for approximately €260 million

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European press

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January 23, 2024

The founder and first shareholder of Inditex, Amancio Ortega, through his investment arm Pontegadea, continues to consolidate his investments in “bricks” and has purchased a logistics warehouse leased from Amazon near Vancouver (Canada) for an amount approaching 260 million euros. As reported by Europe Press by sources familiar with the operation.

Amancio Ortega – Reuters

This is the second operation in 2024 for the Inditex founder, who a few days ago completed the acquisition from Blackstone of a logistics warehouse in the Netherlands for 100 million euros operated by the fashion company Primark.

In this way, Pontegadea continues its real estate investments having received a total of €2,217 million in profits from Inditex in 2023, higher than the €1,718 million it received for this concept in 2022.

The founder of Inditex invests part of the profits he receives from Inditex in the real estate sector.

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

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Aileen Morales

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

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