IKEA Centres is looking to sell up to 20 retail parks at a value that could be up to €900 mln.
IKEA Centres is looking to sell up to 20 retail parks at a value that could be up to €900 mln.
IKEA Centres is IKEA Group’s global shopping centre company born out of the merger between Ikea’s shopping centres across Europe, China and Russia. The company is looking to divest some of its retail park holdings following a review its portfolio.
Speaking at the ICSC Retail Connections in London, Gerard Groener, managing director IKEA Centers, who took over from John Tegner at the beginning of March, said: ‘We want our shopping centres to be meeting places and having reviewed our portfolio retail parks are not suited to this concept. We will officially approach potential buyers by mid-spring and early summer.’
Three of the retail parks to be sold include Targowec, Warsaw, Poland’ Koblenz Germany and Bolange, Sweden.
Groener was previously CEO of Corio, the Dutch shopping centre landlord acquired by French peer Klépierre for some €7 bn in 2015.
