It
bought the 6X6 mall from Alexandria Real Estate Equities Inc and
TMG Partners, an Ingka Centres spokesman said.
"We will be sharing details of our exciting plans for the 6x6
property, where IKEA Retail U.S. will play an integral role, in
the near future," the company said in an emailed statement.
Ingka Centres is one of the world's biggest mall owners, with 45
across Europe, Russia and China, each anchored by an IKEA store.
With the furniture retailer, it is shifting its focus towards
city-centre from out-of-town locations.
It said in May that locations in New York, Los Angeles, San
Francisco and Chicago were high on its wish list.
Ingka Centres, a division of Ingka Group which owns most IKEA
stores worldwide, had a leasable area of 4 million square-metres
globally and 480 million individual visits in the year through
August 2019.
In the United States, it will be taking on mall giants such as
Simon Property Group <SPG.N>, General Growth Properties <BPY.O>
and Westfield <URW.AS>.
In January, it made its first acquisition of an existing mall
location, buying Kings Mall in London.
(Reporting by Anna Ringstrom; Editing by Catherine Evans)
[© 2020 Thomson Reuters. All rights
reserved.] Copyright 2020 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|