Spanish billionaire Amencio Ortega has acquired a 379,000-square-foot distribution facility in Oshawa, Ont., from Brocollini for $187 million, according to a published report.

Ortega purchased the facility through his investment firm Pontegadea Inversiones, Toni Wodzicki, Brocollini’s vice-president of acquisitions and investments, confirmed in the report which stated that the transaction was an off-market deal.

Lactalis Canada operates the build-to-suit facility located at 1680 Thornton Road under a long-term lease. The site opened in 2024 after Lactalis preleased it from Broccolin in 2023. Montreal-based Broccolini manages the property as part of the long-term lease deal.

Lactalis said previously that the facility ranks as the largest distribution centre operated globally by its French parent, Lactalis Group.

The facility serves Lactalis Canada’s cheese and table spreads supply-chain network.

The building can store up to 60,000 pallets in both cooler and freezer environments. It is zero-carbon ready and has the potential to be zero-carbon certified. Power comes exclusively from the Ontario electrical grid, placing no additional reliance on non-renewable energy sources.

Heat generated from the refrigeration system is being fully reclaimed and used to heat the facility’s offices and the truck apron to melt snow for safety reasons. A white roof is designed to reduce a heat-island effect, and rooftop solar panels in a future phase will provide renewable power to partially or completely offset reliance on the provincial grid under certain conditions.

Lactalis Canada is the company behind the Cracker Barrel, Black Diamond, Balderson, Astro and Lactantia brands.

The facility’s acquisition demonstrates Ortega’s increasing appetite for Canadian commercial real estate assets.

In November 2025, acquired the Amazon-anchored The Post mixed-use office tower in downtown Vancouver through Pontegadea for a reported price of $1.1 billion from QuadReal Property Group. In 2022, Pontegadea bought a 970,659-sf Amazon-leased distribution centre in Burnaby, B.C., for a reported price of $358.9 million from Beedie.

Pontegadea owns other major commercial real estate in Montreal.