{"id":62352,"date":"2024-07-06T11:02:12","date_gmt":"2024-07-06T08:02:12","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=62352"},"modified":"2025-11-26T03:10:11","modified_gmt":"2025-11-26T03:10:11","slug":"%d9%84%d9%87%d9%88%d8%a7%d8%a9-%d8%a7%d9%82%d8%aa%d9%86%d8%a7%d8%b5-%d8%a7%d9%84%d9%81%d8%b1%d8%b5-%d8%a7%d9%84%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1%d9%8a%d8%a9-%d8%aa%d8%b9%d8%b1%d9%81-%d8%b9","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/62352\/","title":{"rendered":"For real estate enthusiasts... When is the right time to buy real estate?"},"content":{"rendered":"

Zara's founder, billionaire Amancio Ortega, is taking advantage of the Market<\/strong> Real estate<\/a> commercial as an opportunity to buy assets cheaply and expand his real estate portfolio.<\/p>\n

Pontigadia, Ortega's personal investment group with more than EUR 90 bn in capital, is expanding its real estate holdings through a \u201cbuy low\u201d strategy, according to the Financial Times.<\/p>\n

10 acquisitions worth \u20ac1.1 billion<\/strong><\/span><\/h4>\n

The Spanish fund, which owns 59% of Zara's parent company Inditex, also announced 10 acquisitions worth \u20ac1.1 billion last year, spanning logistics, offices and residential real estate.<\/p>\n

Inditex's real estate portfolio is concentrated in Western Europe and North America, with notable assets including the Adelphi Building and Devonshire House in London, and Amazon's headquarters in Seattle.<\/p>\n

While Pontigadia is enjoying profits from its stake in Inditex and does not need to take on debt, it has not been affected by the high interest rates that pushed transaction volumes down by more than 50% in the U.S. and Europe last year.<\/p>\n

Roberto Sibera, CEO of Pontigadia, told the Financial Times that the group has observed \u201cprice adjustment in Europe across asset classes\u201d in the past few months.<\/p>\n

The right time to buy\u00a0<\/strong><\/span><\/h4>\n

He explained: \u201cWe believe this is a good time for low-debt investors as credit conditions tighten, reducing competition for reasonably sized potential acquisitions.\u201d.<\/p>\n

\u201cIn the case of Pontigadia, we are offered assets in bilateral transactions, and in many cases off-market (before they are publicly announced) - specifically in logistics, retail, office and infrastructure,\u201d he added.<\/p>\n

According to the Financial Times, in the last month alone, Pontigadia spent $113 million on a cold storage warehouse in the Miami area and \u20ac100 million on a distribution center in the Netherlands used by Primark.<\/p>\n

These deals boosted its portfolio Real estate<\/a> <\/strong>The group also noted that it remains optimistic about the future of offices, which make up 40 to 50% of its real estate portfolio.<\/p>\n

The group also disagreed that the rise of work-from-home has made offices a bad investment, adding that some tenants have adjusted their office space but none have sought reductions.<\/p>\n

This year, Pontigadia is set to receive around \u20ac2.2 billion in dividends from its shares in Inditex, along with Massimo Dutti and Bershka.<\/p>\n

It annually generates \u20ac800-900 million in income, including rent, investments, and renewable energy plants.<\/p>\n

Most of this money is reinvested by Pontigadia, with only a portion going to Ortega and his family, including Marta Ortega, Inditex's non-executive chairman since 2022 and Ortega's only daughter.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>Zara founder Amancio Ortega is using the downturn in the commercial real estate market as an opportunity to buy assets on the cheap and expand his real estate portfolio. Pontigadia, Ortega's personal investment group with more than EUR 90 bn in capital, is expanding its real estate holdings through a \u201cbuy low\u201d strategy, according to the Financial Times. 10 acquisitions of ... Read more<\/a><\/p>","protected":false},"author":27,"featured_media":58631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_analysis_target_kw":"","footnotes":""},"categories":[100],"tags":[],"class_list":["post-62352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"\u0628\u0648\u0646\u062a\u064a\u062c\u0627\u062f\u064a\u0627 \u062a\u0633\u062a\u063a\u0644 \u062a\u0631\u0627\u062c\u0639 \u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u0627\u062a \u0644\u0634\u0631\u0627\u0621 \u0623\u0635\u0648\u0644 \u0631\u062e\u064a\u0635\u0629 \u0648\u062a\u0648\u0633\u064a\u0639 \u0645\u062d\u0641\u0638\u062a\u0647\u0627 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629 \u0625\u0644\u0649 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