Inditex, the parent of fashion retailer Zara, plans to expand its logistics capacity with a 300,000 sq m site in Guadalajara, Spain.
It has signed a letter of intent to buy the site at Cabanillas. The initial plan is for a 70,000 sq m logistics facility creating 500 jobs.
The total investment, including the site acquisition and the building of the platform, amounts to 150 million euros.
Chairman and CEO Pablo Isla set out the investment plan at the retailer’s annual general meeting.
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, a new storage silo for hanging garments in Zaragoza, which it says will be unique in Europe, and a new silo for folded garments for Bershka in Palafolls, Catalonia.
These investments are part of a wider expansion programme. 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.