INGKA Centres Holding B.V. (formerly known as IKEA Centres and IKANO Retail Centres) is a Dutch commercial real estate developer and operator owned by INGKA Holding.
INGKA Centres is one of the biggest shopping centre companies, owning, managing and operating 37 'meeting places' across Asia, Europe and the Americas.[1]
History
The company was founded as in 1972, when a shopping centre named Birsta City was built next to an IKEA store in Sundsvall, Sweden which opened a few years prior in 1969.[2]
In 2002 and 2014 respectively, the IKEA Group began opening shopping centres in China and Russia under the Livat and MEGA brands respectively.[3]
In 2015, Ikano sold its 51% stake of the company to the IKEA Group, IKANO Retail Centres, alongside the Livat and MEGA centres, were unified under the IKEA Centres brand.[4][2]
Photo of Livat Bejing with older branding.
In 2018, the company was rebranded from IKEA Centres to INGKA Centres, as part of its parent company's rebranding to its legal name of INGKA Group.[5]
Originally, the company built and developed its own shopping centres, this changed in 2020 when they acquired a building in San Francisco and the Kings Mall in Hammersmith, the latter was rebranded under the Livat brand, making this the first centre outside of China to adopt the name. Both acquired properties became home to a concept IKEA store called IKEA City.[6][7][8]
INGKA Centres announced in December 2021 that it would open two malls, anchored by IKEA stores, in Gurugram and Noida in India at a cost of around ₹9,000 crore (US$1.1billion). Both malls are expected to open by 2025.[9][10]
Following the invasion of Ukraine, INGKA Centres halted retail operations in Russia and in September 2023 sold all its MEGA Centres to Gazprombank Group.[11][12]
In 2026, INGKA Centres made a deal with GoHigh Capital to sell some of its interest in is Livat centres in China, INGKA Centres would still co-own and manage the centres.[13]
Current operations
INGKA Centres currently owns, manages and operates 37 shopping centres (or self-described 'meeting places') across the globe, all of them have IKEA as an anchor tenant.[14]
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