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Zara Founder Ortega Buys Dutch Warehouse Leased to Primark for $110 Million

Spanish billionaire Amancio Ortega has bought a logistics center in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega, the founder of fashion group Inditex, which owns Zara, bought the 87,000-square-meter property in Roosendaal from Blackstone, real estate news site React News reported earlier. According to Reuters, the deal follows investments in logistics assets in the United States, including the acquisition in December of a warehouse in Florida. ....

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Zara Founder Ortega Buys Dutch Warehouse Leased to Primark for $110 Million

Zara Founder Ortega Buys Dutch Warehouse Leased to Primark for $110 Million
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

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Alton Towers landlord LXi Reit in talks on LondonMetric merger

Boards see potential to bring together two companies with ‘complementary strategic approaches’ ....

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