Amancio Ortega puts an office building in Paris on sale for 80 million

The founder and first shareholder of Inditex, Amancio Ortegathrough its investment vehicle Pontegadea, has begun the process of selling an office building in Paris for 80 million euros, according to the specialized media. Green Street News.

Specifically, the asset, which belonged to Pontegadea since 2005, was until now rented to Banque de France, with a total area of ​​6,724 square meters. The reception of offers will begin next week, specifically on November 14.

Ortega will receive a total of 2,845 million euros this year in dividends from the company after collecting this Monday, November 4, 1,422.5 million euros for the last remuneration of the year that the Galician firm has paid to its shareholders.

Specifically, the businessman has received more than 2,800 million euros this year in dividends from the textile company, above the 2,217 million he received for this concept last year.

In total, the company has compensated its shareholders with around 4.8 billion euros this year, after raising the dividend by 28%, to 1.54 euros per share.

Specifically, Inditex’s dividend policy is made up of a payout ordinary 60% of the profit and the additional distribution of extraordinary dividends.

Ortega owns the largest Spanish real estate company, focused on the purchase and management of large buildings, with a portfolio of real estate assets mainly made up of office buildings, not residential, located in the centers of large cities in Spain, the United Kingdom, the United States and Asia. .

One of its latest operations has been the acquisition of two platforms in Germany for 150 million euros shortly after it bought an office building in Parislocated near the Opera, for about 200 million euros and logistics assets in Italy for an amount of 327 million euros.

So far this year, Ortega, who began the purchase of logistics assets in 2022, has also purchased a office building prime in Luxembourg for an amount of 165 million euros.

Aside from said operation, the founder of Inditex completed the acquisition from Blackstone of a logistics warehouse in the Netherlands for 100 million euros occupied by the fashion brand Primark and the purchase of a logistics warehouse rented from Amazon near Vancouver (Canada) for an amount close to 260 million euros.