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Transactions - NOVEMBER 24, 2021

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Ingka Centres to open first IKEA center in India

by Andrea Zander

Ingka Centres, part of the Ingka Group (which also includes IKEA Retail and Ingka Investments), has plans to build a €400 million ($447 million) shopping center in Gurugram, India, that will be its first to open in India, according to media outlets.

Construction will begin in 2022.

Peter Betzel, CEO and CSO, IKEA India said, “We are happy to announce our IKEA store in Gurugram together with Ingka Centres. India is an exciting country for IKEA, and we have a long-term commitment to reach many people with our omnichannel approach. Delhi NCR will be one of our biggest and most important markets in India, and we can’t wait to meet and inspire the many people in that region with our beautiful, affordable, well-designed and sustainable home furnishing products and solutions.”

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