Zara founder Amancio Ortega’s investment vehicle Pontegadea Inversiones has agreed to acquire PLP’s Knowsley warehouse in Britain, near Liverpool, for £81 million ($107.50 million), Place North West real estate news website reported on Monday.
Pontegadea declined to comment on the matter.
The 850,000 square-foot (78,967 square metres) warehouse has been rented by Amazon since 2022, according to PLP’s website.
Ortega’s investment vehicle bought in 2023 an Amazon logistics centre in Dublin, Ireland, for $245 million.
In Britain, Pontegadea in July acquired a 49% stake in Brookfield’s ports business.
Source: Reuters.com