IKEA is looking to take over US malls in high-population urban areas. They're also looking to take advantage of the weakness in the market caused by Covid. Apparently Chicago is high on their list of cities they're looking at.
Quote:
Described as a “major play” in the U.S. market, Reuters reports Ingka Centres is eyeing locations in New York, Los Angeles, San Francisco, and Chicago.
“We will be targeting cities with high populations in these regions. We primarily focus on the acquisition of existing real estate assets and redevelop them into meeting places anchored by an IKEA store and tuned towards the local needs and aspirations in the offer"
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Any rumors/speculation of what malls IKEA is looking at in Chicago?
https://www.forbes.com/sites/pamdanz.../#273d8d3b5d5c