The Italie Deux shopping center in Paris is under Dutch control. This shopping center, along with an extension and neighboring offices, have been acquired by Ingka Centres, an entity of the Ingka Group, a holding company based in Leiden (the Netherlands), parent of most of the Ikea stores worldwide, according to a statement on Monday.
“Ingka Centres, part of the Ingka Group, today announced the acquisition of ‘Italy Two’ together with the recent extension of ItaliK and the neighboring office complex Apollo,” the group said in a statement, adding that “these three centers will be merged ” to become an “urban meeting point”.
The financial lines of the operation were not specified by Ingka Centres, but the British real estate firm Hammerson for its part announced on Monday the sale of its shares representing 25% of the capital of Italy Two, as well as the entire Italik expansion, against 164 million euros.
An “urban meeting point”
In July 2019, Hammerson had sold three-quarters of the capital of the shopping center for 476 million euros to the real estate fund of the French insurer Axa, Axa IM – Real assets.
Ingka Centers says that the Apollo office complex, “once renovated, will offer approximately 18,000 square meters of state-of-the-art office space spread over nine levels, with outdoor and rooftop dining and social areas, terraces and even areas urban”. agriculture that must support cafeterias and restaurants.
The entity specifies that this is its fourth acquisition of an “urban meeting point”, after Livat Hammersmith in central London, “which recently celebrated its first anniversary”, as well as Toronto and San Francisco. Ingka Centers “also continues to develop new, larger hubs in markets like India and China, tailoring its approach to country needs.”
Source: BFM TV
