Zara founder buys UK warehouse leased to Amazon for $108 million: report

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.

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.

($1 = 0.7535 pounds)

(Reporting by Romolo Tosiani, Corina Pons in Madrid;Editing by Charlie Devereux)

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