Ingka Investments to acquire real estate on one of London's most iconic shopping locations
Today Ingka Investments announces that a conditional purchase agreement has been signed to acquire a property at 214 Oxford Street (Oxford Circus) in London. The investment will be part of the real estate portfolio of Ingka Investments, the investment arm of Ingka Group. Part of the vacant retail space will be used by IKEA UK & Ireland and the purchase price is GBP 378 million (EUR 446 million).The investment supports the transformation of Ingka Group’s retail business, bringing IKEA closer to customers by opening new IKEA store formats in city locations, in response to increasing
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