Amancio Ortega return to fish in the real estate market United States of America it invested 61% of the 2,783 million spent in 13 operations last year, reaching 52% of the 619 it used to purchase five properties in 2023.
Fifth and last for now, Chicago’s most iconic luxury apartment tower for 212 million. According to ‘The Real Deal’, which states that it is the tallest building in Chicago west of Kennedy Highway, the building has 492 homes spread over 45 floors.
According to the ‘Chicago Business’ newspaper, this purchase is the highest price paid for a block of flats in downtown Chicago since pre-pandemic.
Last year, Amancio Ortega had 2,798 million to invest from Inditex dividends and Pontegadea profits. At the end of the year, 2,783 TL was used. The entrepreneur must spend most of this income over a twelve-month period. and on goods considered “economic activity”, you must otherwise pay wealth tax due to the laws and financial regulations that govern family businesses like yours.
By 2023, the total amount available 2.308 millionhas already invested a little over a quarter: 619.
In addition to its last 212 million purchase in Chicago, at the end of March this year 120 luxury flats for rent in Dublin’s south quay area For more than 100 million. The property, called Opus, has 24 one-bedroom houses, 74 of which are two and 22 are three, for 841,666 euros each.
The second operation took place in mid-April and they took over. Former BBC headquarters in London approximately 82 million pounds (about 93 million euros).
Last June, Amancio Ortega ventured into European logistics – the rest of the acquisitions in this industry had been in the US – by acquiring a company. 105 million ships in the Netherlands. This is the third purchase of the year, 103,000 square meters logistics platform and is located in the Dutch town of Venlo. It is leased to transport and logistics company DSV until 2033 and generates an annual rental income of 4.6 million.
The last investment move by the founder of Inditex before the announcement in Chicago this Tuesday came when he bought a company in California (United States) last July. Walmart automated welcome center For 109 million dollars (98.9 million euros). It has an area of 30,000 square meters.
With this operation, Pontegadea exceeded 1,000 million euros invested in US logistics. The vast majority of this corresponds to the largest investment Amancio Ortega has made to date when it invested 900 million in the acquisition in July of last year. seven major logistics centers in six different US states.
As is usually the case with their tenants—big companies that can always pay their debts and pay well—in this case Nestlé was the host of Amazon; Fedex (the world’s largest express shipping company); Home Depot (hardware and DIY) or TJX Department Store.