Half of Ikea’s shopping centers out for sale

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Ikea plans to sell half of their shopping centers in Europe..
In Sweden, the plan is to sell four out of eleven shopping centers, in Haparanda, Örebro, Borlänge and Uddevalla which all are retail parks.

“We have a vision to create communities around our shopping malls. That means not just shopping malls but also other activities, more as a destination, “says Josefin Thorell, Senior Communications Specialist at Ikea Group, to Smålandsposten.

Ikea Group, which in late 2014 and early 2015 re-organized the corporate structure around its shopping centers, now says that a number of the centres does not match the vision of the group have for their Ikea centers.

“We can not develop the concept for them,” says Josefin Thorell.

About half of the shopping centers in Europe can be sold. Units in Russia, China and other countries will remain. Among the eleven Swedish centres, Norra Backa in Borlänge is included, which is still an extension project. The remaining seven shopping centers, except for the home arena Älmhult, all include a mall. Basically Ikea keeps the centers with a mall and sell their retail parks in Sweden.

In Norway, Ikea has no shopping centers yet, but has ongoing projects in Trondheim and Kristiansand labelled Retail park and Outlet respectively. In Finland, only Matkus in Kuopio, contains a mall while Lahdesjärvi in Tampere and Porttipuisto in Vanda are retail parks.

Josefin Thorell says that the sales will be completed in the second half 2018th