SPAIN: Inditex to expand headquarters
Retail giant Inditex is to invest EUR100m (US$124.7m) in expanding its headquarters in Artexio, Spain.
The new building will span 70,000 square metres will increase the space used by the sales, creative and design teams of the Zara and Zara Home brands, generating 400 jobs in the process.
The company said the eco-efficient building will cut energy consumption by 50%, water use by up to 40% and waste generation by 70%.
The current head office has a surface area of 90,000 square metres, and including its logistics platform and factories covers over 600,000 square metres.
The company is also finalising construction of a next generation logistics platform in Tordera to accommodate Massimo Dutti's operations. It will begin to operate in September and will generate some 500 new jobs. Inditex will invest EUR190m in this initiative.
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