Ikea soon on Oxford Street ?

As part of an urban strategy, Ikea is in advanced talks to acquire the Topshop flagship on Oxford Street in London (9,300 sq.m).

Amazon and Nike also show interest in this asset, estimated at €490 million. As a first U.S. city-centre project, the world’s largest retailer Ikea acquired last year an urban mall in San Francisco, at 945 Market Street. In China, its real estate arm Ingka Centers (45 malls in 15 countries) invested €130 million to convert a very large Ikea store of 53,000