One of the keys that led Inditex to maintain its position as world leader of fashion was the ability of Amancio Ortega to get ahead of growth and taking advantage of market changes with an impressive logistics network for its ecosystem of brands.
Although Amancio Ortega is no longer the visible head of Inditex, his strategy is still in force under the mandate of his daughter Marta Ortega. The latest move by the multinational: a historic investment in Sagunto, to build a new logistics center on a 380,000 m2 plot right next to a Volkswagen gigafactory.
Inditex was left alone in the bid. According to informed The Opinion of A CoruñaInditex has presented the only offer to acquire a plot of approximately 388,000 square meters in the Parc Sagunt II business park, near the Valencian town of Sagunto, where a new logistics base will be located.
The offer was presented through a recently created limited company called Alveston ITG, established with an initial capital of 3,000 euros and linked to Inditex. This company was the only one that submitted an offer for one of the lots that the managing consortium Espais Econòmics Empresarials (a commercial company jointly owned by the Generalitat and the State Society for Industrial Promotion and Business Development) put up for sale this summer.
Just a slice of the whole cake. According to detailed The Confidentialthe complete plot that was put up for sale consisted of a total area of 1,000,202 square meters with a combined price of 160 million euros. However, this plot was divided into four smaller lots.
Two of them with surfaces of 388,000 and 381,000 m2 for 62.14 million and 61 million respectively, one of which has been awarded to Inditex, as well as two smaller ones with 164,407 m2 and 65,612 m2 respectively. According to sources consulted by El Confidencial, Inditex would have only bid for the largest of the lots with 388,377 m2, the usual surface area of its logistics platforms.
Volkswagen Neighbors. The land on which the next Inditex logistics center will be built will border those of the gigafactory that Volkswagen is building in Sagunto. In fact, the land that the multinational founded by Amancio Ortega has acquired was reserved for suppliers of PowerCO, a company linked to Volkswagen that builds batteries for electric cars.
However, as there was no interest from third parties, the authorities opened the tender for other possible industrial or logistics projects, including the Inditex proposal.
A new piece for the Inditex gear. Inditex’s interest in Parc Sagunt is neither new nor coincidental. The company already has another platform of almost 280,000 square meters in place for its Tempe footwear brand in the first phase of the same industrial park (Parc Sagunt I), so it is expected that this new investment will reinforce Inditex’s commitment to converting Sagunto into a hub for your logisticsafter lowering his interest in Cheste’s land.
This new purchase considerably expands its logistics capacity in the area, where connectivity and access play a fundamental role in the efficiency of your stores. The location allows quick communications with Madrid, Aragon and the Mediterranean corridor, including ports and railways. The project, which will still have to be developed for several years, is part of the Inditex logistics plan 2024-2025which includes investments of more than 1,800 million euros in new distribution centers and expansions in Spain and abroad.
Image | Wikimedia Commons (Nemigo), GTRES
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