Zara founder buys Amazon logistics centre in Dublin for USD 245 million

MADRID: Spanish billionaire and Zara founder Amancio Ortega has bought a logistics centre mainly used by Amazon in Dublin, Ireland, for 225 million euros (USD 244.98 million), his investment firm Pontegadea said on Friday.

It is the first time Ortega’s firm has invested in logistics real estate in Ireland, Pontegadea said. In March, it bought a luxury residential building in Dublin with 120 apartments for rent for around 100 million euros.

In 2019, Pontegadea Inmobiliaria, the firm’s real estate arm, completed the purchase of two Seattle office blocks leased to Amazon. It was the Spanish firm’s biggest deal in the United States at the time.