Published
Feb 25, 2015
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Ikea Centers is planning on investing 3 billion euros in 20 shopping centres

Published
Feb 25, 2015

Already at the head of 45 commercial centres, the Swedish group plans to invest €3 bn over the next few years in the construction of 20 shopping centres via a new subsidiary called Ikea Centers.

Ikea.com


This announcement follows a complex redistribution of the network. The development of shopping areas around Ikea stores had until now been dependent on the Inter Ikea Center Group. A structure 51% held by Inter Ikea, the chain's holding company. Shares that have now been acquired for 3 billion euros by the Ikea Group, which, for its part, is responsible for the development of the chain and now also the only shareholder of the real estate activity.
 
There are 45 "Ikea Centers" across Europe, Russia and China, totalling 32.3 billion square feet of retail space. Altogether these centres previously generated 200 million euros in revenue for the Inter Ikea Center Group. An "above average amount in the European commercial centres sector," said director of Ikea Centers John Tegnér.

€1 = $1.14/£0.73
 

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