Inditex 21 million paid in the first half your fiscal year (February 1 to July 31) a Amancio Ortega because he is a tenant of some of the properties that host his stores and its owner is the founder of the Galician multinational company. This is the highest figure since 2018 and if this progress continues, New Record at the end of the year (expires on January 31 for signature). In both the first half of 2020 and 2021, Ortega’s payment for asset leases from the textile group was 18 million, the lowest in eight years, according to data in memory of the first period invested in National Securities. Market Commission. So 21 million one 16% increase over the same period last year. And if the same number is repeated in the second semester, as in recent years, it will exceed 42 million and approach the record 44 in 2018.
The vast majority of the company’s 6,500 stores in 170 countries are rented. Amancio Ortega owns part of it (exact figures unknown). For example, the Zara store on Calle Serrano on Paseo de la Castellana in Madrid or the flagship on Via del Corso in Rome. However, they do not represent a large percentage of the total income you get from renting your real estate. In addition, every year from Arteixo, the weight of the company’s office leases in Ortega’s portfolio has been reduced. But not because it rents less space for its stores, Expanded its real estate portfolio by purchasing new real estates Where Inditex is not a tenant.
Pontegadea, the investment arm of Amancio Ortega, last year 1.970 million turnover Of these, 1,294 came from the dividends of the multinational, 29 were paid by other investee companies, and 647 came from the real estate business, primarily due to payments received from rents. In other words, the 35-45 million that the textile group receives every year for the rental of its stores represents only 6% of the total it enters as a landlord.
Amancio Ortega’s investment policy only The company he founded is only home to competitors such as H&M, Mango or Primark.. In the real estate portfolio, which was worth just over 15,200 million at the end of last year, there are also buildings that are tenanted by technology companies such as Facebook, Amazon, Spotify or Google; banks such as Royal Bank; consulting firms such as McKinsey or Deloitte; Hotel chains like Iberostar and Eurostars, or luxury brands like Gucci or Tiffany’s.
But Amancio Ortega isn’t the only one renting out space for Inditex stores. So does his daughter, Sandra Ortega.According to data from the group’s report for the first half of the year, it received a one million euro lease.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.