Ikea to invest €5.8bn into real estate


Ikea is set to invest €5.8bn (£5bn) into real estate over the next three years, with a focus on retail developments.

Ingka Centres, Ikea’s property division, has told the Financial Times it aims to increase its €9.5bn of real estate by nearly half, including €3bn towards mixed use schemes with Ikea stores across North America, Europe and Asia.

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