INDUSTRY NEWS

Ikea set to build new London offices on newly acquired Stratford plot

Swedish furniture manufacturer, Ikea, has announced that it has acquired a plot of land measuring 26 acres – which it plans to use for new London office space.

The plot – which cost £25 million – located in Stratford, East London has been chosen as a site for what has been dubbed a ‘flat pack city.’

Ikea have said that plans have been put in place to construct 1,200 homes, a 350-room hotel and retail space as well as office space.

Mayor of London, Boris Johnson spoke positively of the plans.

He said: “This is yet another great example of the 2012 legacy rippling out of the Olympic Park and across East London.”

Business development manager for Ikea, Harald Muller, also had high words of praise for the company’s ambitions for the new plot, stating that it was “the newest and most interesting development in the whole area.”

The company will submit an official application for planning permission at the beginning of next year (2012).

News bought to you from DeVono Cresa, the award-winning commercial property advisers, specialising in Central London office, retail and leisure space.

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