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Amancio Ortega's investment company, Pontegadea Inversiones, has purchased a large warehouse in Knowsley, near Liverpool, for around GBP 81 million (USD 107.5 million). The property, spanning 850,000 square feet, has been leased by Amazon since 2022. The deal, which marks another addition to Pontegadea's growing logistics portfolio, is estimated to yield about 5 percent in net initial return. It follows Ortega's 2023 acquisition of an Amazon logistics centre in Dublin for USD 245 million and a 49 percent stake in Brookfield's UK ports business earlier this year.
Amancio Ortega's investment arm, Pontegadea Inversiones, has agreed to purchase the Knowsley warehouse in the United Kingdom for about GBP 81 million, which equals roughly USD 107.5 million. The property, developed by PLP UK and located near Liverpool, is one of the largest logistics facilities in the North West region. According to PLP's website, the warehouse covers about 850,000 square feet (78,967 square metres) and has been leased by Amazon since 2022. Advertisement
Sources familiar with the transaction said the deal offers an initial net return of around 5 percent, reflecting stable long-term rental income. Pontegadea declined to make any public comment regarding the acquisition.
The Knowsley warehouse forms part of PLP's expanding logistics developments across the UK, designed to support major distribution and e-commerce tenants. The site is strategically positioned with strong transport connectivity, serving as an important regional hub for Amazon's operations in northern England.
The investment continues Pontegadea's active expansion in the logistics and industrial real estate market. In 2023, the company bought an Amazon logistics centre in Dublin, Ireland, for USD 245 million. Earlier this year, it also acquired a 49 percent stake in Brookfield's ports business in the UK, further diversifying its real estate assets.
Amancio Ortega, the founder of Zara and parent company Inditex, has built one of the world's most valuable personal property portfolios through Pontegadea. The firm holds assets across office buildings, retail properties, logistics parks, hotels, and infrastructure in major global cities including London, New York, Paris, and Toronto. In recent years, it has focused more on logistics assets leased to blue-chip tenants such as Amazon, reflecting a shift toward stable, long-term income properties rather than traditional retail spaces.
The Knowsley deal highlights Pontegadea's continued interest in logistics properties backed by high-credit tenants, aligning with broader market trends where institutional investors are targeting prime industrial assets with reliable occupiers.
Source Reuters
5th Jun, 2025
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