MADRID (Reuters) -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),
Amancio Ortega Purchases UK Warehouse Leased to Amazon for £81 Million
Amancio Ortega's Strategic Warehouse Acquisition
MADRID (Reuters) -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.
Details of the Knowsley Warehouse
Pontegadea declined to comment on the matter.
Previous Investments by Pontegadea
The 850,000 square-foot (78,967 square metres) warehouse has been rented by Amazon since 2022, according to PLP's website.
Market Implications of the Purchase
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.
($1 = 0.7535 pounds)
(Reporting by Romolo Tosiani, Corina Pons in Madrid;Editing by Charlie Devereux)


