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Ikea Plans to Build Housing, Shopping Area in Germany

By Aggregated Content in Business Strategy on August 22, 2012 from http://www.thelocal.de/society/20120822-44501.html

Swedish furniture giant Ikea plans to build a whole housing and shopping district in Hamburg, it has admitted - and is on the hunt for a 50,000 square metre area of the north German city to develop.

"We want to build a new area of the city from which Hamburg can benefit," Harald Müller, manager at property subsidiary Landprop told the Hamburger Abendblatt newspaper.

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