We thought the tourist floors were the most profitable. Amancio Ortega has found something better: headquarters and shops

The rental market He has shot In recent years and with them the profitability that their owners They get them. Keeping this in mind, have you ever wondered how much must pay Inditex, Primark, Amazon or Apple for the rent of some of its offices or stores? Amancio Ortega, like homemade main From these companies has that answer: almost 1 billion a year together. Choose buildings without borrowing. In addition to the founder of Inditex, Amancio Ortega is the creator of one of the greater real estate empires in Spain: Pontegadea. The basis of his fortune remains his participation of 59.29% in Inditex, which allows him to access Milmillonarios annual dividends which strategically reinveys premium buildings distributed throughout the world. All this without borrowing with third parties. However, instead of focusing your business on the sale of these properties to obtain surplus value, your goal is to make constant profitability through rentals. Since its buildings have been specifically selected by Its strategic location In the main capitals of the world, the big firms are tail To rent some of its premises. Millionaire rentals. Thanks to this strategy, Pontegadea registered in 2024 income linked to real estate of 977 million euros, According to data to those who have had access Digital economy. This figure represents a 20% increase with respect to the 657 million euros that Ortega’s real estate registered in its 2023 accounts. This increase means that, for the first time, Pontegadea has exceeded the joint revenues from rents of its main rivals in Spain: Merlin Properties and Colonial. Something that It already foresaw That could happen for some years. They always buy with tenants. Such and as he published Expansionin addition to making a strategic selection of its buildings, Pontegadea has as a guideline buy buildings already occupied by solvent tenants. This has been demonstrated in all its operations, such as the logistics center of Baldonnell Business Park of Dublin From which Amazon operates, the Amazon headquarters in Seattleor the Venlo distribution centerfrom which it serves as the operations center of the DSV parcel company, one of the largest in the world. Thus, the new properties that Pontegadea incorporates in its portfolio generates income from the first minute and ensures something very valuable for a landlord: a tenant that pays promptly. Inditex also pays for rent: A Pontegadea. It is paradoxical, but some of the dividends that Pontegadea de Inditex receives are invested in premises that are then rented to the different brands of the group to install their stores or stores in them. That Pontegadea is the owner of the main premises of Inditex is a strategic advantage (in addition to a fine irony), since thus the textile can better deal with the variations in the price of the real estate market and not shoot their operational costs. OK To what is published For the economic one Expansionin 2024, Inditex paid 46 million euros for real estate rental to Pontegadea. That figure represents 18% more than the previous year, when the figure reached 39 million. In Xataka | Amancio Ortega: the billionaire who lives as one more neighbor. Except for private jets and superyates Image | Gtres, Flickr (José Román)

In the emptied Galicia there are municipalities taking care of gas stations and shops. THE OBJECTIVE: Don’t run out of services

The Emptied Spain It is depopulated Spain, but also the one that is emptied from companies and services. Both, the Lack of neighbors And the absence of businesses that cover their most basic needs, are part of the same vicious circle that in the long run the peoples to abandonment. In Galicia They have decided Breaking that loop with a curious movement. To avoid running out of supermarkets or gas stations there are municipalities that are taking care of their management. The objective: that the neighbors should not move kilometers for something as simple as buying the bread. Even at the cost of the City Council itself assume private services. The ghost of depopulation. The depopulation He is one of the great ghosts of the rural of Spain. And Galicia is no exception. A few months ago his Consello de Contas He issued A report in which he warned that in the community (especially in the provinces of Lugo and Ourense) there are almost a hundred towns in ‘danger of extinction’, a status that is explained by a combination of factors: a register below the 5,000 inhabitants, a low population density (less than 20%) and more deaths than births. INE himself calculates that in 2021 there were almost 25,700 Gallegos residing in municipalities that do not pass from the thousand registered. According to his nomenclator, in the community there are also around 1,900 depopulated villagesmany of them in Lugo. Only in 2023 it is estimated that the province lost about 40. Other populations are still alive but with a handful of hundreds of neighbors and having lost much in a short time. To name a case, Murasin the Terra Cha, I had 1,151 neighbors In 2000. In 2024 were 600. A vicious circle. We commented before. The localities of emptied Spain do not remain alone without neighbors. They often do it also without businesses that cover their needs. And one and the other, that of inhabitants and services, feed a vicious circle that ends up accelerating the emptying of the peoples. Although there is experts That they conclude that at general “accessibility to services” in Spain is good, especially if we talk about health and education, they also recognize that differences arise when the provincial scale is lowered. A quick search arrives on Google to find Complaints of populations about the public transport or lack of something as simple as bars and shops. And how to solve it? A question similar to that was asked a while ago in Pol and Ribeira de Piquíntwo localities of the rural of the province of Lugo that together barely go from the 2,000 residents. The first, Pol, has 1,542 registered, 27% less than in 2000. The second, Ribeira de Piquín, had about 500 residents, 80% less than at the beginning of this century. Both municipalities share Another featurein addition to the province and a diminishing census: given the loss of basic businesses their respective municipalities have decided to step forward and guarantee the continuity of private services. A kind of municipalization which aims to prevent your neighbors from having to look for life for issues as basic as buying bread. Their cases have attracted the interest of media such as The voice of Galicia either Eldiario. A “municipal” supermarket. In the case of Pol the Consistory he found the risk that The only supermarket From the town, located in the population of Mosterio, closed. Its owner retired and in the absence of relief or other shopkeepers that would like to transfer it, the panorama was complicated for the neighbors who reside there. “No one was interested in carrying it. It was deserted,” explained in December Its mayor, Lino Rodríguez, Progress. The City Council solution: Buy the super To keep it open. It is not yet known How will it manage, through a foundation, attracting a franchise or with an autonomous, but the goal is clear: to guarantee the continuity of the service. “We acquired the entire block, which has an area of ​​about 800 m2, for a total of 150,000 euros,” Rodríguez added In December. The project went ahead with the support of the Diputación and aspires to go beyond trade: Pol wants to recover an old sausage mark and create social housing at the top. At the end of last year the town had already paid 75,000 euros for the premises, it hoped to pay a similar sum of 2025 and already thought about furniture and facilities to serve customers. “We need to acquire the material goods of the interior, such as refrigerators, freezers and cold cameras. But throughout 2025 we will try to prepare the charcería,” He reported. OBJECTIVE: Refers in the town. In Ribeira de Piquín, the City Council has also moved to preserve a key service, although in this case the focus is on a gas station. At the end of 2024 the Consistory was in process for rent an already built service area but it carries more than a decade closed The idea is reopen it in 2025 and that the neighbors do not have to move to another town to replace or look for fuel. The project is carried out through the Terreo Foundationparticipated by the City Council, and with support of the Diputación de Lugo, which provides funds through an agreement. The rent will be done through a direct award procedure, Precise Progressand once completed the idea of ​​the City Council is to adapt the station to the regulations to register it. In the budget they also reserve funds to hire full -time personnel who can take care of the suppliers and serve users. Is it an isolated case? No. The gas station will not be the only (or first) project that is promoted with the terreo lever. Before it was launched A fish farma livestock exploitation and even a kiwi plantation. “The municipalities as small as we have many difficulties for the private initiative to come and invest. Hence we have no other option … Read more

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