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



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


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