Retail in Asia

In Shops

Inter IKEA Centre Group to invest USD1.2b in China over 5 years

Copenhagen-based Inter IKEA Centre Group plans to invest USD1.2 billion in China over the next five years. It currently operates 28 shopping centres worldwide each with an IKEA store establishment.

According to a company statement, the China plan involves building two "super regional shopping centres" in Wuxi and Beijing, due for completion in 2013 and 2014 respectively.

(Source: Media)