The Ikea Group intends to invest € 5.8 billion, approximately 60 billion kronor, in real estate over the next three years. Investments will affect the development of shops and companies, reporting the Financial Times.
Real Estate Division Ingka Real Estate Centers currently have a value of around 9.5 billion euros, close to 100 billion kronor. Now, the aim is to increase this by more than half, despite the fact that the retail sector is struggling when more and more trade is taking place online.
From investments, around 3 billion euros are expected to occur in urban stores in Europe, Asia and North America. In addition, it is mentioned that buying an Indian property as well as additional Chinese real estate on the cards.
Ikea plans to expand to dozens of countries and has identified the potential to reach 300,000 customers in 2025.