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Tesla and Inditex, two large companies, would be in dispute over a land located in Spainwhich will be destined for industrial or logistical use. This was confirmed by the newspaper The Spanish, digital media of that country.
The aforementioned newspaper assures that sources in the real estate sector confirm that Inditex, Amancio Ortega’s company, owner of Zara and Bershka, as well as Tesla, owned by Elon Musk, have an interest in acquire these lands. In the case of Musk’s company, the attraction for the territory would be linked to the possibility of building an electric car gigafactory there.
It’s about a space of 1.5 million m², which will soon be enabled in the La Ceja-Cañada Arena industrial estate in Cheste, Valencia. According to data from He Spanish, Its location is very strategic, since it is at the crossroads between the highway and the Mediterranean corridor to Europe. In addition, it has a rail and road connection between Valencia and Madrid.
Inditex has not published precise data in this regard, although its growth strategy includes the construction of two large distribution centers in the Valencian Community. One of them destined for his brand Bershka and the other for Tempe, a footwear company. Ortega has been acquiring logistics centers since 2023 in other destinations such as the Netherlands, the United States (California and Miami) and Canada (Vancouver), as well as luxury residential towers and offices in different cities around the world.
An important variable to consider is the deadlines, which can work against Cheste. On the one hand, Amancio Ortega’s company aims to have its Valencian logistics centers operating by the end of 2025; for the other, the polygon would be approved imminently, but still is found without develop. In any case, some sources assure that there is a possibility of both things developing simultaneously.
The option of Tesla landing in Spain also has its appeal, since the industrial and employment impact with its arrival could be very great.although, according to the Spanish media, it will require an approximate investment of €5,000 million, so you will have to think carefully about your decision.
According to what he claims The SpanishInditex and Tesla are not the only companies with their eyes on Cheste. There are other proposals from multinationals with interest in acquiring these land. In any case, the Ministry of Industry and Tourism and the Cheste City Council have not commented, so It is not possible to know if Tesla, Inditex or any other company has been granted exclusivity over the space.
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