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Zara founder Amancio Ortega to buy US warehouses for $722 mn
short by Bhawana Chaudhary / on Tuesday, 13 September, 2022
Zara founder Amancio Ortega's family investment company Pontegadea has bought five warehouses in US from Realty Income Corp for about $722 million, Spanish newspaper El Pais reported. The deal follows previously announced logistics purchases for $183 million. The report added the assets are strategically located and rented with long-term leases to Amazon, FedEx, TJX, Home Depot and Nestle.
read more at Yahoo! News