Amancio Ortega, the founder and first shareholder of Inditex, has completed the acquisition of an automated Walmart logistics center in California for 109 million dollars (about 98.9 million euros). The deal, confirmed by people familiar with the transaction, was facilitated through Ortega’s investment arm, Pontegadea, and covers a 30,000 square meter logistics facility in the Inland Empire region of Southern California, a key hub for e-commerce and supply chain operations. This marks another strategic step in Ortega’s expansive logistics portfolio in North America, following a well-timed expansion into the U.S. market that aligns with Inditex’s evolving distribution needs and global retail footprint.
Just a year prior, Ortega entered the logistics space with notable moves in the United States. He acquired a FedEx platform in Wisconsin for approximately 825 million euros and added a distribution center in Philadelphia, Pennsylvania, for about 147 million euros. These purchases signaled a clear commitment to owning and optimizing essential logistics assets across major U.S. markets. The ongoing European expansion continues as well, with a recent high-profile acquisition in the Netherlands. The properties, part of a broader European logistics push, include a 103,000 square meter platform in Venlo, leased to a prominent transport and logistics firm until 2033, underscoring a long-term investment strategy in the old continent.
Across the group’s financials, Ortega directed a substantial liquidity event on May 2, with Inditex distributing a portion of its first dividend of the year. The payout to Ortega alone stood at a figure representing a significant share of his total annual dividend from the Galician textile giant, reflecting the close integration between his retail and real estate ventures. A portion of the proceeds from these dividends is typically reinvested in real estate through Pontegadea Inmobiliaria, reinforcing a cycle of wealth deployment from successful fashion brands into strategic property assets.
Ortega’s portfolio showcases the combination of large-scale real estate assets and critical logistics platforms that support contemporary commerce. The real estate arm focuses on acquiring and managing substantial non-residential buildings in key urban centers across Spain, the United Kingdom, North America, and Asia. This diversified approach aims to capitalize on the steady demand for well-located logistics infrastructure and office space, aligning with the needs of global retailers and international supply chains. The strategy emphasizes long-term leases and robust tenant partnerships to maintain a stable income stream while retaining upside through property appreciation and asset management.