Ingka Facilities acquires Toronto procuring vacation spot to be anchored by IKEA Canada’s first downtown retailer

Positioned within the extremely linked and bustling Downtown Yonge Space, the brand new IKEA Toronto Downtown Retailer shall be an inexpensive and accessible vacation spot. Toronto Residents searching for an IKEA expertise nearer to residence. Will probably be just like the normal IKEA retailer clients are accustomed to, simply in a smaller measurement and designed to suit into the city material of the neighborhood. Prospects can count on to see the retailer’s much-loved residence furnishing inspiration, with a concentrate on inexpensive, sustainable and small area residing options that mirror the wants and goals of shoppers. Toronto Residents.

Taking inspiration from life at residence TorontoThe IKEA Toronto downtown retailer will embody greater than 2,000 IKEA merchandise for buy and quick takeaway, whereas bigger furnishings objects shall be on show and accessible for residence supply. It can supply a singular new meals idea and a spread of companies to assist a seamless procuring expertise. No self serve furnishings shall be accessible.

“IKEA Canada is dedicated to creating our shops extra accessible by bringing our shops nearer to the place Canadians stay, work and socialize. As one of many quickest rising cities in North America With a vibrant and numerous group, Toronto It was a pure selection for us to launch our first downtown retailer,” mentioned Michael Ward, CEO and Chief Sustainability Officer at IKEA Canada. “As life at residence continues to evolve and tackle new meanings, we’re excited to convey our ardour, information and residential furnishing experience to town. Toronto,

Inca Facilities has acquired Aura Retail Podium from KRAF Fund, the core technique of Kingsnet Capital. Positioned on the grounds of the Aura Constructing, a famend mixed-use skyscraper co-developed by one among Kingset’s progress funds, the Aura Retail Podium has 12,270 sq. meters of gross leaseable space on 3-storeys (132,070 sq ft). , The Inca Middle will redevelop the property into a brand new vacation spot, with an IKEA Toronto Downtown retailer unfold throughout 6,148 sq. meters (66,175 sq ft) of floor and second flooring.

“The acquisition of Aura Retail Podium marks our entry into the Canadian market,” mentioned Cindy Anderson, Managing Director of the Ingka Middle. ,Downtown Toronto A brilliant linked and dynamic place the place individuals stay, work, research and are available to fulfill and have enjoyable. That is in keeping with our strategic imaginative and prescient of investing in city places and staying near our clients. We’re delighted to create a vibrant retail-based vacation spot and produce IKEA nearer to the numerous Toronto,

IKEA continues to rework its enterprise to make it extra accessible to clients, wherever they’re. Globally, IKEA has opened 10 smaller IKEA shops in main cities reminiscent of Paris, Moscow, Shanghai and just lately Queens, NY, The brand new metropolis strategy will allow clients to buy seamlessly throughout all channels based mostly on their particular person wants and preferences. Along with the brand new retailer in downtown TorontoIKEA Canada now provides its clients the power to order on-line at eleven Penguin pick-up places near residence Toronto, As a part of its full market strategy, the retailer can also be creating new experiences in its current GTA shops, enhancing its service proposition and digital options, and optimizing its buyer success community.

IKEA Canada has known as metropolis ​​of toronto Dwelling since 1977. The brand new IKEA Toronto downtown retailer shall be IKEA Canada’s fifth retailer location Better Toronto SpaceComplementing current shops, together with IKEA Burlington Etobicoke, north york And von, IKEA Canada is dedicated to reflecting and celebrating of toronto Variety and tradition, whereas offering long-term group assist that positively impacts town.

Extra details about the brand new IKEA Toronto downtown retailer and the redeveloped Aura Retail Podium shall be made accessible within the close to future. Each the brand new retailer and the redeveloped procuring vacation spot shall be constructed across the Inca Group’s individuals and planet optimistic technique. The Inca Middle and IKEA will promote recycling, inexperienced areas and higher air high quality, amongst different initiatives that make sustainable residing accessible to many.

about IKEA Canada

established in 1943 Sweden, IKEA is a number one residence furnishing retailer, providing a variety of effectively designed, practical residence furnishing merchandise at such low costs in order that an increasing number of individuals can purchase them. IKEA Canada is a part of the Ingka Group which operates 374 IKEA shops in 30 nations, together with 14 in Canada, Final 12 months, IKEA Canada welcomed 31 million guests to its shops and 117 million guests to IKEA Canada operates enterprise via the IKEA imaginative and prescient – to create higher on a regular basis lives for many individuals and does so via its area people efforts and sustainability initiatives. For extra data on IKEA Canada, please go to,

About Ingka Facilities

The Ingka Middle is a part of the Ingka Group (which additionally contains IKEA Retail and Ingka Investments). Inca Facilities has over 40 years of expertise in procuring facilities and in the present day operates with 1,600 manufacturers throughout its portfolio of 46 properties in 16 markets. Middle places seem underneath varied logos together with MEGA Russia and LIVAT in China, all the time anchored by IKEA. Inca Facilities hosted and served greater than 36.9 million guests in fiscal 12 months 2010 (1 September 2019 , 31 August 2020) Ingca Middle creates its assembly areas by collaborating with native communities, in addition to its tenants and companions, to make sure that they’re locations with sentimental that means that add worth and create social connections.

Supply IKEA Canada

For extra data: For media inquiries: Kristin Newbiging, IKEA Canada, Public Relations Chief, [email protected], Ingka Kendra, James Carnegie, Good Regards, [email protected]

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