Ingka Group wants to sell all real estate in Russia

The Swedish Ingka Group, which owns the IKEA chain and Mega shopping centers, is looking for buyers for its real estate in Russia.
Origin source
According to them, the group is looking for a buyer for the entire portfolio of its properties. Its area is estimated at 2.3 million square meters. m, rental area - 1.8 million square meters. m.

As the interlocutors of the publication clarified, negotiations are already underway with at least two potential buyers, but they are in the initial stage. Whom it is, is not specified. RBC's source in the real estate market noted that the final corporate decision on the sale of assets has not yet been made.

Ingka's real estate portfolio in Russia includes 14 Mega shopping centers, hypermarkets where IKEA stores operated, as well as sites where new shopping centers were planned to be built. The press service of Ingka Centers (a division of the Ingka Group that manages shopping centers) said they do not comment on market rumors.

IKEA closed its stores in Russia in March 2022. In mid-June, IKEA announced the sale of four of its factories in Russia, and also announced a reduction in business in the country. The online sale ended on August 15th. The next day it became known that IKEA was liquidating the Russian subsidiary. A TASS source said that IKEA expects to return to Russia within two years. In February, a government commission approved the sale of three out of four Russian IKEA factories.