Amancio Ortega’s investment arm, Pontegadea Inversiones, has made another major move in the European real estate market by acquiring logistics assets in Italy for €327 million. The properties, located in the strategic hubs of Milan and Rome, mark the company’s continued expansion into the logistics sector, an area of growing importance as global e-commerce and supply chain demands increase.
The logistics assets in Italy add to Pontegadea’s expanding portfolio, which has increasingly diversified beyond traditional real estate investments. Ortega, the founder and largest shareholder of Inditex (the parent company of Zara), has been utilizing dividends from the fashion giant to build a robust real estate empire. The company has previously acquired logistics properties in other countries, including the Netherlands and Canada, and has shown a keen interest in high-quality, high-demand sectors like logistics and renewable energy.
This acquisition is part of a broader strategy by Pontegadea to invest in prime real estate across Europe, including office spaces and logistics hubs. The Italian logistics market, particularly in cities like Milan and Rome, is experiencing a surge in demand driven by the growth of e-commerce, making it a lucrative target for long-term investments.
Ortega’s decision to focus on logistics comes at a time when global supply chains are becoming increasingly critical, and e-commerce is transforming the commercial real estate landscape. Pontegadea’s portfolio has also expanded into renewable energy, with substantial investments in wind and solar power projects in Spain and France.
This latest acquisition underscores Pontegadea’s ambition to solidify its position as a dominant player in the European logistics market while diversifying its holdings across various high-growth sectors.
Global expansion beyond Italy
In addition to the recent Italian deal, Pontegadea has been active across several other markets. Earlier in 2024, it acquired logistics warehouses leased to major brands such as Amazon in the Netherlands and Canada. These strategic moves highlight Pontegadea’s global reach and its focus on acquiring properties with stable, long-term tenants.
Ortega’s real estate empire now spans across several countries, with a strong presence in Spain, the UK, the US, and now Italy. With an increasing focus on logistics and infrastructure investments, Pontegadea is positioning itself to capitalize on the future of global commerce.
This Italian logistics acquisition is seen as a continuation of Ortega’s diversification strategy, as he continues to build one of the most formidable real estate portfolios in Europe and beyond.
