Once December enters (courtesy of Black Friday), everyday people start compulsively shopping for Christmas ties, perfumes and nougats. However, at Amancio Ortega’s house the traditions seem very different.

If a few days ago we informed you about the change in Pontegadea’s investment trends in the field of renewable energy with the help of Repsol, the latest move in Amancio Ortega’s investment instrument has occurred with the purchase of one of Amazon’s largest logistics centers in Ireland.

Investment of 1,200 million for logistics. Pontegadea diversified its real estate investments in various areas. Initially showed a preference for office buildings, but quickly switching to luxury residential accommodation, and even bought buildings to rent to hotel chains. However, in recent months they have focused on logistics facilities and have invested more than 1.2 billion euros between the United States, the Netherlands and Ireland.

Irish Time has confirmed that the acquired facilities have a total area of ​​more than 110,000 square meters, for which Pontegadea has disbursed 225 million euros. For a year now, Amazon has been the main tenant of the facility, occupying 58,000 square meters of space dedicated to the distribution and storage of products shipped across Ireland and the rest of Europe.

From Big Tech owners to buying their warehouses. Amancio Ortega took his first investment step outside Inditex by purchasing strategic office buildings located in major business centers in Spain, the United States and the United Kingdom. This brought him to the forefront big tech house, which rented its building to set up its headquarters there. Meta, Google, Amazon, Spotify or Apple have offices or shops located in buildings owned by Amancio Ortega.

In 2022, Pontegadea began opening up the logistics sector by purchasing an important 103,000 square meter complex in the Dutch city of Venlo, near the southeastern border with Germany, for which it paid 105 million euros. This facility has reached full capacity, housing DSV logistics companies until 2033.

No debt, all the benefits. Pontegadea’s successful investment has made it the largest real estate investor in Spain in just a few years based on the value of its properties, reaching a valuation of 18,150 million euros, well above Colonial at 12,209 million euros, and Merlin, with a valuation of 11,301 million euros.

One of the keys to Pontegadea’s success was getting direct financing from Amancio Ortega. The millionaire immediately injected Pontegadea with 100% annual dividends equivalent to his Inditex shares. In 2023, Amancio Ortega received 2.217 million from Inditex, which was directly used for purchasing and investing in renewable energy and these operations.

This financing system means the company does not need to use external financing for its annual investment, so everything is net profit. In 2022 the company announced a positive balance of 2,092 million euros30% more than the previous year.

In Xataka | Amancio Ortega has built an investment empire around bricks. The new goal: renewable energy
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