Amancio Ortega reinforces its logistics portfolio with the purchase of two properties in Germany for 150 million |

The founder and first shareholder of Inditex, Amancio Ortega, through his investment arm Pontegadea, continues to reinforce its investments in logistics with the acquisition of two platforms in Germany for 150 million euros, according to the specialized media Green Street News.

Specifically, Pontegadea has purchased two properties from the logistics developer Dietz AG, rented with long-term contracts to a single tenant and with a total gross leasable area (GLA) of approximately 118,500 square meters.

The investment arm of the founder of Inditex has had advice from Knight Frank, Ashurst and KPMG, according to Green Street News. Pontegadea has not made any statements regarding said operation.

The purchase of these properties is known shortly after Ortega bought an office building in Paris, located near the Opera, for around 200 million euros and logistics assets in Italy for an amount of 327 million euros.

So far this year, Ortega, who began the purchase of logistics assets in 2022, has also purchased a ‘prime’ office building in Luxembourg for an amount of 165 million euros.

Aside from this operation, the founder of Inditex completed the acquisition from Blackstone of a logistics warehouse in the Netherlands for 100 million euros occupied by the fashion brand Primark and the purchase of a logistics warehouse rented from Amazon near Vancouver (Canada). for an amount close to 260 million euros.

The founder of Inditex invests part of the dividends he receives from the textile group in the real estate sector.

In fact, Ortega will receive a total of 2,845 million euros this year in dividends from the company (half of which he already received last May and the rest will be collected in November), above the 2,217 million euros that he received for this concept last year.

In total, the company will reward its shareholders with around 4.8 billion euros this year, after raising the dividend by 28%, to 1.54 euros per share.

Ortega owns the largest Spanish real estate company, focused on the purchase and management of large buildings, with a portfolio of real estate assets mainly made up of office, non-residential buildings, located in the center of large cities in Spain, the United Kingdom, the United States and Asia. .