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Zara owner buys Amazon logistics center for €225 million

Zara owner buys Amazon logistics center for €225 million

The venue is located in Dublin, Ireland, and the deal was completed through Amancio Ortega estate agency, Pontegadea. This is the second large-scale investment in one month, following the purchase of the Repsol portfolio.

Amancio Ortega, the Spanish billionaire and founder of Zara, a subsidiary of the Inditex group, has acquired a logistics center located in Dublin (Ireland), mainly used by Amazon. The deal was closed for 225 million euros, announced Pontegadia, the investment arm of Zara’s owner.

Remember that last March, the millionaire bought a luxurious residential building, also in the Irish capital, which includes 120 apartments for rent, in a deal estimated at 100 million euros. This new venture in that country ends up being Ortega’s debut in the Irish logistics real estate market.

This deal by Amancio Ortega comes almost a month after he applied to acquire, at half price, Repsol’s portfolio worth 800 million euros, corresponding to the assets of a 600 MW wind and photovoltaic project in Spain, the news revealed. Cinco Dias newspaper.

This portfolio, known as the “Ebro” project, is located in Aragon, Castile León and Andalusia, among other regions, with an investment of $400 million also coming from Amancio Ortega’s real estate company, Pontegadia. Repsol had put the portfolio up for sale in October.

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