Ingka Investments signs agreement to acquire real estate for IKEA Retail in the heart of Paris
Ingka Investments, the investment arm of Ingka Group (owner and operator of 381 IKEA stores) today announces that a purchase agreement to acquire prime real estate in the heart of Paris has been signed. The space will be used by IKEA Retail France and the total investment is 130 million euros.The investment is part of a long-term plan to transform its retail business and bring IKEA closer to customers by opening and testing new formats in cities. The property comprises a total of 7,500 sqm over 7 floors, with retail space on 3 floors. It is located at Rue de Rivoli and will be the second