Zara Owner Buys Dutch Warehouse From Blackstone for €100 Million

Zara founder Amancio Ortega struck a deal with Blackstone Inc. to buy a warehouse in the Netherlands let to Irish fashion retailer Primark, the latest of a series of logistics-asset purchases by the Spanish billionaire.

Pontegadea Inversiones SL, his investment vehicle, paid €100 million ($110 million) to Blackstone for the distribution center located in Roosendaal, near the Belgian border, according to a spokesperson for the family office.

Primark has a ten-year lease on the 936,460 square-feet (87,000 square-meter) space, which is operated by DSV, a transport and logistics provider.

Ortega bought his first European logistics center in the Netherlands ...