The year 2022, despite the pandemic, economic recession, high inflation and the war in Ukraine, It became the exercise that the founder of Inditex did, Amancio Ortega, he drew the checkbook with greater meticulousness, and most of all, invest the most in a year since he created his textile multinational.
With five months left until the end of the year, you’ve already made half a dozen investments. An amount in excess of 1,600 million. It has never reached this figure in any financial year before and it has a real estate portfolio of more than 15,000 million.
As always the latest acquisition through investment vehicle Pontegadea, Has been a warehouse in Wisconsin (United States) for 34 million, as reported by local media BizTimes. The charterer of the ship is FedEx, the world’s largest express shipping company. In this way, the entrepreneur returns to bet on real estate assets whose tenants have a large solvency, so that there are no problems in collecting rents.
Pontegadea group closes fiscal 2021 With a turnover of 1.970 million 647 of these came through the real estate business, mainly due to payments from rents. Another 29 million were entered by other investment companies. And the biggest item was 1.294 million dividends from Inditex. Founder and largest shareholder invests in the real estate sector the biggest of the dividends received from the textile company. It will raise 1,718 million for this concept this year (half entered in May and the other half in November), meaning almost all of Inditex’s dividend this year, with six acquisitions worth 1,644 million made so far.
New acquisition of Amancio Ortega in the USA a ship and the land surrounding it Covering an area of ​​120,000 square meters. It was opened by FedEx in October 2015 and serves the North American company as a distribution center.
This is the businessman’s sixth purchase this year. In January, Pontegadea closed the largest acquisition in its history, investing 843 million in the Royal Bank Plaza office skyscraper in Toronto (Canada).
Inside AprilThe real estate holding company bought an office building in Glasgow (Scotland) for 237 million, making it the largest acquisition in the segment in the British country.
Inside July and August four other operations took place. Earlier last month, he paid 500 million for a luxury residential skyscraper in Manhattan (New York).
Y at the end of JulyAcquired a 49% stake in Repsol’s Kappa photovoltaic complex in Ciudad Real for €27 million and 5% of Enagás Renovable for approximately €3.5 million.
Source: Informacion
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