Inditex founder Amancio Ortega to buy U.S. warehouses for $905 million

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Reuters UK

MADRID (Reuters) – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy several warehouses in the United States rented by global firms such as Amazon and FedEx for $905 million, Ortega’s family office Pontegadea said on Tuesday. The deal follows the purchase in recent months of two other distribution centers in Wisconsin and Pennsylvania for $35 million and $148 million respectively, the company added. The Spanish newspaper El Pais, which reported the deal earlier on Tuesday, said the assets are strategically located and rented with long-term leases to blue-chip companies suc…

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