Find in the news:
BY COUNTRY

IKEA to Buy Kings Mall in London



The company has announced plans to enter the UK retail property market with the purchase of one of the shopping and entertainment centers in London.
Ikea

The company Ingka Centers, which manages the business of the world's largest manufacturer and retailer of furniture IKEA, announced plans to enter the UK retail property market with the purchase of one of the shopping malls in London. As Reuters reports, it is about the project Kings Mall with an area of 27,000 square meters, which is on the balance sheet of Schroder UK Real Estate Fund. 

The deal will be held against the backdrop of the ongoing crisis in physical retail in the UK, where at the end of 2019, closed a record number of stores. Buyers continue to move to online shopping channels, depriving traditional retailers of the average sales levels. 

IKEA plans to invest heavily in modernizing the existing shopping center, as well as consider entering other promising projects with a thriving location. "Modern physical retailing must be tailored to the needs of the local community, with a combination of digitization, usability, and sustainability standards," commented Gerard Gröner, CEO of Ingka Centres. 

The shopping center transaction will be the first for IKEA in the UK market and will also allow the retailer to open its shop in an existing mall for the first time and present its new small urban format in the country. The company currently operates 44 shopping centers in 14 countries, which were built in-house with free-standing retail facilities. Recently, the company has changed its development strategy and opened "city-stores" within the city limits, with a limited range and emphasis on digital services. 

More about shopping malls in the United Kingdom

DAY BEFORE YESTERDAY, USA:
Walmart representatives said that some of the restrictions imposed by the pandemic would be extended indefinitely.
Jun 4, 2020, China:
The company expects a return to pre-crisis indicators by the end of the second quarter.
Jun 4, 2020, USA:
Simon Property Group, the largest landlord in the United States, has filed a claim for almost $66 million in unpaid rent.
Jun 3, 2020:
The live online broadcast of the fashion show will showcase models and clothing created using 3D technology.
Jun 2, 2020, USA:
The prolonged retail apocalypse, multiplied by the coronavirus pandemic, will result in massive retail store closures across the United States.
Jun 2, 2020, USA:
During the protests in New York City, unknown people looted a number of shops in the Chelsea, Soho, Flatiron, and Midtown areas.
Friend
and Follow
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us