Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m[sup]2[/sup] shopping centre will be built on a 100-hectare land site in the region's Novousmansky district. The mall is scheduled for delivery in the first half of 2012.
Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m2 shopping centre will be built on a 100-hectare land site in the region's Novousmansky district. The mall is scheduled for delivery in the first half of 2012.
Ikea Mos, the Russian subsidiary of the Swedish manufacturing giant, signed an agreement in May this year with the governor of the Voronezh region, Alexander Ganov, for the construction of a shopping mall on the site. Earlier this year, the group also opened its Mega-Omsk shopping centre located in the Southwestern part of Siberia. The centre, developed by a joint venture of builders Yenigun and Metag, has a closed shopping area of 270,000 m2 and 110,000 m2 of open area.
Ikea introduced the Mega mall concept in Russia in 2005 when it announced plans to develop four schemes in the Russian cities of St Petersburg, Nizhniy Novgorod, Ekaterinburg (Siberia) and in the south-eastern Moscow suburb of Kotelniki.
