With plans to invest up to $3bn on the real estate market, Ikea Group is rebranding its well-known real estate arm, Inter Ikea Center Group, to Ikea Centers. The group says it plans to add 20 new centers to its chain, offering both traditional retail space and Ikea stores. No other details were disclosed.
Inter Ikea Center Group operates 45 retail centers, totaling more 3 million sqm of space. The company’s network, with locations in Europe, China and Russia, generates about €200m annually.
