Find in the news:
BY COUNTRY

Amancio Ortega to invest $900 million in U.S. real estate



Pontegadea is negotiating the purchase of distribution centers in Wisconsin and Pennsylvania.
Warehouses in NY

Spanish billionaire Omancio Ortega, the owner of the largest fashion retailer Inditex Group, continues to invest in the U.S. market. Controlled by the businessman structures are negotiating about purchase of large warehouse complexes.

According to Reutrers, citing data from Ortega's family office Pontegadea, currently in talks to buy distribution centers in Wisconsin and Pennsylvania worth $35 million and $148 million respectively.
We are talking about warehouse complexes with Amazon, FedEx, TJX, Home Depot and Nestle as tenants. In total, structures Pontegadea can invest in buying space in the U.S. market up to 900 million dollars.

Ortega's Pontegadea specializes in buying upscale commercial real estate around the world. Its portfolio includes office buildings and skyscrapers. And now the company is looking for new assets with reliable tenants who are bound by long-term leases.

It is noted that Ortega is willing to invest heavily in warehouses amid the ongoing e-commerce boom and declining investor interest in other types of commercial real estate. Earlier in the year, Pontegadea struck a deal to buy a 64-story skyscraper in Downtown New York and the Royal Bank Plaza building in Toronto.

More about shopping malls in the USA



Mar 24, 2024, China:
Apple's newest store in Shanghai opened on March 21.
Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Friend
and Follow
Westfield Garden State Plaza GLA:2 118 718 SF
ADDRESS: 1 Garden State Plaza, Paramus, NJ 07652
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Hillcrest GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us