Amancio Ortega, founder of Inditex and owner of the Pontegadea Group, has been expanding his footprint in the United States through strategic real estate and investment moves. Local media reported a notable deal in Menomonee Falls, Wisconsin, where Pontegadea acquired a platform from FedEx for 35 million dollars (roughly 34 million euros). The purchase came as Ortega strengthens his U.S. logistics interests after previously buying a luxury skyscraper in New York for about 500 million dollars (around 484 million euros). The move signals a broader shift into the American market, combining the real estate and logistics sectors under Pontegadea’s umbrella [citation: Pontegadea annual report 2021].
Earlier, Ortega’s portfolio grew with several high-profile operations announced toward the end of July. These included the acquisition of 49% of a photovoltaic complex, a stake in Repsol’s Manzanares project in Ciudad Real for 27 million euros, and a 5% interest in Enagás Renovable. These investments illustrate the diversification strategy across energy, infrastructure, and property holdings that defines Pontegadea’s approach.
The Pontegadea Group, which coordinates all holding companies controlled by Amancio Ortega, along with its real estate subsidiaries and other financial ventures, highlighted robust profitability for the 2021 financial year. Net profit stood at 1.606 billion euros, more than doubling the figure from the previous year, which reached 666 million euros. The surge in earnings was driven in part by gains from the sale of Telxius to American Tower, a transaction recorded in January 2021 with a capital gain of about 331 million euros [citation: Pontegadea annual report 2021].
Turnover total 1.970 million
The Pontegadea group closed the 2021 financial year with a turnover of 1.970 billion euros, marking a 53.7% increase compared with 2020. This turnover reflects dividends received from Inditex and other invested companies, together with income generated from managing the group’s real estate portfolio. Specifically, 1.294 billion euros came as dividends from Inditex in 2021, 29 million euros from other invested companies, and 647 million euros from the real estate operations [citation: Pontegadea annual report 2021].
The real estate portfolio under Pontegadea finished 2021 with an estimated market value of 15.264 billion euros, based on independent appraisals conducted across the markets in which the properties are held. Ortega channels a portion of Inditex dividends into real estate investments through Pontegadea Inmobiliaria, the investment arm that manages the group’s diverse assets.
As the founder of Inditex, Ortega controls what has become the largest Spanish real estate portfolio. His holdings primarily consist of non-residential office properties located in central areas of major cities in Spain, the United Kingdom, the United States, and Asia, reflecting a long-term strategy to build value through a balanced mix of high-quality offices and strategic real estate assets [citation: Pontegadea annual report 2021].