Ikea Said Close to Agreeing to $1.1 Billion Real Estate Sale
This article is for subscribers only.
Ikea, the world’s biggest furniture retailer, has selected asset manager Pradera as the lead bidder to buy 27 European retail parks surrounding its stores, according to a person with knowledge of the matter.
Pradera has offered about 1 billion euros ($1.1 billion) to buy the assets which are being sold through broker Cushman & Wakefield Inc., the person said, asking not to be identified because the information is private. Spokesmen for Ikea, Pradera and Cushman & Wakefield declined to comment.