Spanish billionaire businessman Amancio Ortega has acquired logistics assets in Milan and Rome, Italy for approximately €330 mln.
Through his family office, Pontegadea Inversiones, Ortega has been steadily expanding his brick-and-mortar holdings.
Earlier this year, he purchased the Royal Park office building in Luxembourg from Baltisse for €165 mln, as well as a logistics warehouse in the Netherlands from Blackstone for €100 mln.
Ortega is the founder and former chairman of the Inditex fast fashion group, best known for its chains of Zara and Bershka clothing and accessories shops.
These investments are part of Ortega's broader strategy to diversify his portfolio beyond the textile industry. He started acquiring logistics assets in 2022, initially in the US.
Ortega's real estate ventures are primarily funded by the significant dividends he receives from Inditex. The company is set to pay out nearly €4.8 bn to shareholders this year, of which Ortega is set to receive €2.8 bn.
With an estimated capital of €18.2 bn, Pontegadea is the largest Spanish property company specializing in acquiring and managing large office buildings in prime urban centres across Spain, the UK, the United States, and Asia. The company’s prize assets in Europe include the Adelphi building and Devonshire House in London,
In recent years, Pontegadea has expanded its investment strategy to include energy and logistics assets in both Europe and North America.
