On January 1 last year, Amancio Ortega He drank the grapes, knowing he had a little more than 2,700 million in his pocket in the new beginning year to invest in what he loved most: properties whose tenants have great economic solvency, so when it arrives there is no problem. leases at the end of the month or year to collect payments. After 2021, just over 1,700 million in Inditex dividends and another 1,000 million in the box would come. PontegadeaThe investment vehicle had a net profit of 1.606 million.
More than 2,700 million in non-yielding bank – among Inditex’s dividend estimate (1,718 million) and their revenues from their activities in 2009 Pontegadea (1.008 million)—not surprisingly, 2022 was one of the most productive years for investment. founder inditex. He wasn’t one of the most productive, but he was the most productive.
Pontegadea Last year, it closed its largest investment twice in its history and paid a historical record 2,783 million in 13 operations, which actually corresponds to 2,798 at the beginning of the year. Headquarters of a bank with gold-plated windows, two other office buildings, luxury high-rise condos in the financial district. new York o Seven major logistics centers in six different states United States of America were some of the acquisitions he signed last year. These were the public ones because Pontegadea never reports the assets it sells (often scarce) or the assets it buys. Information often comes from the other side: either the buyer or the seller.
Amancio Ortega He was in a hurry to start investing the more than 2.7 billion he had in the bank. It was leaked on January 13. Pontegadea By then (it would surpass it in July), it had invested 843 million in the iconic office skyscraper, closing the largest acquisition in its history. Royal Bank Plaza in Toronto (Canada).
The facility consists of two 180- and 112-metre office skyscrapers and a commercial space. It, Royal Bank is Canada’s leading bank. Towers located in the heart of the financial district, toronto, has a strange and expensive coating. More than 14,000 windows are covered with a 24-carat gold film that acts as a heat insulator. The cost is one million euros.
The following real estate transactions Amancio Ortega It came at the beginning of the third quarter in April. This Holding company He bought an office building. Glasgow (Scotland) 237 million, making it the largest purchase in this segment in the UK country.
The 30,000 square meter plot is at number 177. Bothwell Street The recently constructed office building of the Scottish economic capital houses the headquarters of various multinational companies. Aecom, BNP Paribas, Cbre and Virgin Money. Again, as in the skyscraper example torontoHeadquarters of the largest bank in CanadaTenants have great economic solvency to meet their rent payments.
July has been the most productive month for Amancio Ortega. closing 10 out of 13 operations of the year. It started with the purchase of a luxury skyscraper in . Manhattan (New York) for 500 million. It was his first significant investment in the residential sector, as his real estate business focused above all on office buildings that were already rented.
Building, 19 Dutchin your financial heart NY, It is a 64-floor tower with a total area of 30,000 square meters. It has 500 digits. It was the largest investment the real estate group has ever made in the United States. Weeks later, it would exceed the 500 million cost of the New York skyscraper.
Amancio Ortega It also invests in energy. owns 5% power grid and enagas. At the end of July, it bought 49% of the photovoltaic complex. Repsol Kappa at Ciudad Real, An amount of 27 million and 5% of Enagás Renovable for about 3.5.
But the big operation came in July. Pontegadea It has completed the largest acquisition in its history (for the second time in a year), investing 900 million to simultaneously acquire seven major logistics centers in six different states of the United States.
Once again, these seven distribution centers have high solvency tenants such as: Amazon; nest; Fedex (the world’s largest express shipping company); Home Depot (hardware and DIY) or TJX Department Store.
By then it had distributed 2,400 million. Shortly before Christmas, it was announced that Amancio Ortega purchased the tower, as he still has 300 left to reach the 2,700 he had at the beginning of the year. kiaraA 40-storey skyscraper with 461 luxury apartments Seattle (USA). This was his second largest purchase in residential space after the skyscraper. Manhattan. The price is 300 million.
With these 13 operations, 2,783 million units were purchased. 61% made in the USA, coincidentally the second largest market inditex and where the multinational company has grown the most. And it did so in two sectors where it did not exist or remain: housing (two residential skyscrapers in Turkey). Manhattan Y Seattle) and logistics and distribution (seven warehouses in six states) United States of America). This is the forecast for 2023 Amancio Ortega count, only with dividends inditex, more than 2,000 million to continue investing.