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#retail properties ร—

Ikeaโ€™s China remodelling: parent firm puts eight former retail sites on block

Ikeaโ€™s parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brandโ€™s largest asset disposal since it entered the market nearly 30 years ago. Seven of the properties were Ikea stores that ceased their operations in February. The remaining one, a site in Guiyang in the southern province of Guizhou, shut down in 2022 and has been vacant ever since, according to disclosure from JLL last...