Zara Owner Ortega Becomes Amazon’s Landlord in Vancouver
Amancio Ortega
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Fast fashion billionaire Amancio Ortega’s family office has acquired a Canadian warehouse leased by Amazon.com Inc, in the latest expansion of his property portfolio.
Ortega’s Pontegadea Inversiones SL paid about €250 million ($272 million) for the facility in Burnaby, southeast of Vancouver, according to a company spokesperson. The acquisition was first reported by the Costar News website. Ortega is the majority owner of Inditex SA.