Ikea’s property arm buys Parisian shopping centre to expand Livat format
Ikea’s property arm Ingka Centres has confirmed its acquisition of the Italie Deux shopping centre in Paris from retail property giant Hammerson, as well as its high-street extension Italik and the Apollo office complex.
The acquisition forms the “first urban meeting place in France” for Ingka Centres as it continues to expand the Livat brand, following the opening of Livat Hammersmith, London, in 2022 and other destinations in Toronto and San Francisco.
Ingka Centres said sustainability will be “at the forefront” of the deal as part of its bid to achieve 100% renewable energy by 2030.
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