Amancio Ortega, founder of Inditex, has acquired a FedEx logistics platform in Menomonee Falls, Wisconsin (United States) through his investment company Pontegadea for 35 million dollars (about 34 million euros), as reported by the local media BizTimes and includes the Europa Press agency. The operation has been carried out with the US firm Realty Income, based in San Diego.
Ortega thus expands his investments and lands in the United States logistics market after buying a luxury apartment skyscraper in New York for 500 million dollars (about 484 million euros). Other recent operations by the founder of Inditex, announced at the end of July, have been the purchase of a 49% stake in Repsol's Kappa photovoltaic complex, located in Manzanares (Ciudad Real), for 27 million euros, and the acquisition of 5% of Enagás Renovable.
The Pontegadea Group, which brings together all the holding companies owned by Amancio Ortega, its subsidiaries dedicated to the real estate business and other financial holdings, closed the 2021 financial year with a net profit of 1,606 million euros, which means multiplying by more of two obtained a year earlier, which stood at 666 million euros.
Said benefit includes the results obtained from the sale of the Telxius tower division to American Tower, carried out in January 2021, according to the investment arm of the founder of Inditex, which recorded capital gains of around 331 million euros for said operation.
Likewise, the Pontegadea group closed the 2021 financial year with a turnover of 1,970 million euros, which represents an increase of 53.7% compared to the 2020 financial year. This volume is made up of the dividends received from Inditex and the rest of the investee companies, together with the income generated by the management of the group's real estate portfolio.
The consortium's real estate portfolio closed 2021 with a market valuation of 15,264 million euros, compared to 14,075 million euros in 2020, according to independent appraisals carried out in each of the markets.
The founder of Inditex invests part of the dividends he receives from the textile company in the real estate sector through his investment firm Pontegadea Inmobiliaria. In fact, Ortega owns the largest Spanish real estate company, with a portfolio of real estate assets made up mainly of non-residential office buildings located in the center of large cities in Spain, the United Kingdom, the United States and Asia.
