The property of the Ikea group buys the Parisian shopping center Italie Deux

The shopping center Parisian Italy Two changes of ownership. The site in the 13th arrondissement of Paris, as well as the ItaliK extension and the neighboring Apollo office complex, have been acquired by Ingka Centres. An entity of the Ingka group, the parent company of most Ikea stores around the world, the company plans to merge the three centers so that they become a “urban meeting point“, she announced in a press release on April 4, 2023.

It was the British property company Hammerson which sold its shares – representing 25% of the capital of Italy Two as well as the entire Italik extension – for 164 million euros. The property had, in July 2019, sold three quarters of the capital of the shopping center to the real estate fund of the French insurer Axa, Axa IM – Real assets, for 476 million euros.

Ikea de La Madeleine is moving

Swedish furniture giant Ikea plans to “relocate“his store in the La Madeleine district within the shopping center, which would open in 2024.”With a potential commercial area of ​​approximately 5,800m³, this new point of contact would make it possible to offer more take-out assortments“, explains Ikea. “100% of La Madeleine jobs [soient 200 personnes à ce jour] will be maintained and transferred to this new site“said Emma Recco, director of business development strategy for Ikea France, during a press briefing.

The group considers that the Place d’Italie district has “a lot of potential and excellent accessibility, both by car and by transport“. In addition, the commercial complex has logistical infrastructure, in particular delivery docks which could allow “much smoother operations“.

As for the Apollo office complex, this will be renovated and “will offer approximately 18,000 m² of state-of-the-art office space spread over nine levels, with outdoor and rooftop dining spaces, as well as social spaces, terraces and even urban agriculture areas that are expected to support cafeterias and restaurants“, detailed Ingka Centers.

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