MADRID | Inditex announced this week it 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 plans of the group’s investment in its facilities in Spain detailed by the chairman Pablo Isla during the general meeting of shareholders held on July 17.
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 Spanish corporation said. The total investment, including the site acquisition and the building of the platform, amounts to €150 million.
“This investment is in addition to several projects, in particular, those run in Arteixo (Galicia) and Tordera (Catalonia),” the company explained in a press release. “In Arteixo, the group will invest €100 million 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 investment.”
Furthermore, the group is set to invest more than €60 million 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).
Be the first to comment on "Inditex opens logistics expansion in Spain with €150 million investment"