IKEA plans to open its first department store in Serbia, in Bubanj Potok, in summer and the construction of this facility, which started in the spring of 2016, is two weeks ahead of schedule. At the same time, the company is gearing up to start building department stores in Ljubljana and Bucharest.
The regional development director at IKEA, Vladislav Lalic says that, after these investments have been realized, the company is embarking on other projects, and adds that “IKEA is already in the process of acquiring a land plot for the second department store in Belgrade, and in six other towns in Romania”.
“In Ljubljana, we have completed all the activities about spatial planning, have bought the land and have an ongoing tender. We expect the construction to start in May or June 2017”, Vladislav Lalic says. When it comes to Bucharest, where IKEA already has one department store, the construction of the second retail facility could start in autumn, probably in September or October, to be opened in late 2018.
Lalic reminds that the company has a very ambitious investment programme for the following period, and that it plans to open a total of 13 retail facilities in the region in the next 10 years.
IKEA plans to develop a retail park in Belgrade, in addition to the department store in Bubanj Potok. “The decision about that will have been made by the year-end. We have bought more land than we actually need for a department store, as you probably know. The retail park is supposed to span around 40,000 square metres, and it will cost around 70 million EUR to build”, Lalic adds.
IKEA group has a total of 59 shopping malls and 4 retail parks which are visited by approximately 450 million shoppers each year.
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