Amancio Ortega acquires office building in Paris for over €200 million

Inditex’s founder and largest shareholder, Amancio Ortega, through his investment arm Pontegadea, continues to strengthen his real estate portfolio with the acquisition of an office building in Paris, located near the iconic Opéra, for an estimated €200 million.

The purchase of this property, located at 14 Halévy Street and covering an area of 10,000 square meters, represents the largest investment in central Paris this year, according to reports from French financial media outlet CFNews.

This move comes shortly after Ortega’s acquisition of logistics assets in Italy for €327 million. 

Earlier this year, Ortega, who began focusing on logistics assets in 2022, also purchased a prime office building in Luxembourg for €165 million.

Beyond these deals, the Inditex founder completed the acquisition of a logistics hub in the Netherlands from Blackstone for €100 million, which is currently leased to fashion retailer Primark. He also acquired a logistics facility near Vancouver, Canada, leased to Amazon, for close to €260 million.

Ortega regularly reinvests a portion of the dividends he receives from Inditex into the real estate sector. 

This year, he is set to receive a total of €2.845 billion in dividends from the textile group—half of which he collected in May, with the remaining balance due in November—surpassing the €2.217 billion he earned in dividends last year.

In total, Inditex will distribute approximately €4.8 billion to its shareholders this year, following a 28% increase in its dividend, reaching €1.54 per share.

Ortega’s real estate arm, Pontegadea, is Spain’s largest real estate company, specialising in the acquisition and management of large commercial properties. Its portfolio primarily consists of office buildings located in the central districts of major cities across Spain, the United Kingdom, the United States, and Asia.