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Inditex to invest EUR150 mn in a new logistics platform
27
Jul '12
Inditex signs a letter of intent to acquire a new site in Guadalajara, and to build a new logistic platform of 70,000 metres. The total investment amounts to 150 million Euros, in addition to the 300 million Euros earmarked for the facilities of its concepts in Spain and announced by Mr Pablo Isla, Chairman and CEO, during Inditex’s last AGM.

Inditex has signed a letter of intent for the acquisition of 300,000 square metres in Cabanillas (Guadalajara, Spain) in order to expand its logistics capacity.

The project is set within the framework of the Group’s investment in its facilities in Spain announced by the chairman, Mr Pablo Isla, during the General Meeting of Shareholders held on July the 17th. Initially, a 70,000 square metre platform for logistics activities is planned to be built at this site. This platform is expected to create 500 new jobs. The total investment, including the site acquisition and the building of the platform, amounts to 150 million Euros.

This investment is in addition to several projects mentioned by Mr Pablo Isla during the General Meeting, in particular, those run in Arteixo (Galicia) and Tordera (Catalonia). In Arteixo, the Group will invest 100 million Euros for the extension of its headquarters, adding 70,000 square metres to the product department for Zara and Zara Home and almost doubling its current size. In Tordera, a new logistic platform for Massimo Dutti has been built which joins the Bershka, Oysho and Uterqüe facilities, with a 190 million Euros investment.

Furthermore, the Group plans to invest more than 60 million Euros in the extension of other logistics platforms, such as Stradivarius facilities in Sallent de Llobregat (Catalonia/Spain), a new storage silo for hanging garments in Zaragoza, which will be unique in Europe, and a new silo for folded garments for Bershka in Palafolls (Catalonia/Spain).

Inditex

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