Amancio Ortega buys a logistics warehouse within the Netherlands for 100 million | Economy | EUROtoday

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Amancio Ortega, founder and largest shareholder of the Inditex group, has bought a logistics warehouse in Rosendaal (Netherlands) for 100 million euros. The operation has been carried out by way of his funding arm (Pontegadea), in line with the React News portal, and it includes an 87,000 sq. meter asset that’s rented to the Irish firm Primark.

Pontegadea already purchased an identical warehouse within the Dutch municipality of Venlo final June. In this case, the vendor has been Blackstone, as confirmed by sources acquainted with the transaction. The warehouse is positioned in a border space between Antwerp and Rotterdam, is very robotic and is rented to DVS (Primark’s logistics supplier), which has a 10-year contract.

Along with investing in renewable energies, Pontegadea can be betting on the true property sector in Spain and likewise overseas. In 2023, he obtained 2,217 million in dividends from Inditex, the place Ortega controls nearly 60% of the capital. Pontegadea has change into the most important Spanish actual property company, centered on the acquisition and administration of enormous buildings, positioned in Spain, the United Kingdom, the United States and Asia.

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