Ingka Centres, part of Ikea’s parent company Ingka Group, is to invest around SEK 2 bn (€170 mln) in a major expansion of its Kungens Kurva shopping centre in Stockholm over the next 10 years.
Under the plans, over 28,000 m2 will be added to the centre, with the aim of transforming it into a ‘meeting place for the whole family’ and a destination ‘offering everything related to the home’.
Besides adding a mix of food, leisure and beauty offerings, the revamp will involve a merger and common entrance with the adjacent Ikea store, opened in 1965.
The work will be carried out in several stages and is due to be completed in 2033.
‘Over the next decade, we will create an entirely new meeting place and destination for all things food, fashion, leisure and play,’ said Yvonne Arentoft, meeting place manager at Kungens Kurva.
‘The way we shop and our expectations have evolved, especially during the pandemic, and it is our mission to meet those demands. We see incredible potential for Kungens Kurva as a front-runner in delivering food experiences, family activities, and traditional shopping for fashion, interior design, and much more.’
The first element to complete in late 2024 includes 7,000 m2 of new retail space with a focus on food, beauty and fashion. This expansion will feature a new Matvärlden store, offering food from across the globe as well as its own bakery and restaurant. In addition, a public food hall is planned over 2,000 m2.
At a later stage, the area will be expanded by 21,000 m2 to the north and west, including integration with the Ikea store.
‘We are delighted with the project’s kick-off,’ said local councillor Emil Högberg. ‘The investment means a lot for both Huddinge municipality and our residents. Our municipality has ambitious plans for the entire Kungens Kurva area, including the commercial area, and partnering with Ingka Centres plays a crucial role in bringing that to life.’
Kungens Kurva is one of the busiest retail areas in the Nordics with approximately 20 million visitors a year.
Ingka Centres has a portfolio of 47 shopping centres in 14 markets worldwide.
