THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Ingka Centres to acquire major Munich shopping centre

Ingka Centres is to acquire the Pasing Arcaden shopping destination in Munich. A subsidiary of Unibail-Rodamco-Westfield Germany, the retail anchored mixed-use development has more than 53,000… View Article

GENERAL MERCHANDISE NEWS

Ingka Centres to acquire major Munich shopping centre

Ingka Centres is to acquire the Pasing Arcaden shopping destination in Munich.

A subsidiary of Unibail-Rodamco-Westfield Germany, the retail anchored mixed-use development has more than 53,000 square metres of  gross leasable space.

Situated in the densely populated Pasing-Obermenzing district west of Munich’s city centre, the scheme attracts 10 million visitors per year. Current retail tenants include the likes of Müller, HIT, Media Markt, Aldi, H&M, Hugendubel, dm and C&A.

Once the transaction completes, Pasing Arcaden will become Ingka Centres’ sixth urban meeting place acquisition following similar transactions for the concept in Brighton, Paris, London and San Francisco.

Part of Ingka Group, the owner of IKEA, Ingka Centres is also developing new-build meeting places with large-mixed use components in markets such as India and China.

In 2022, IKEA launched a small store format, known as Livat, at the London scheme in Hammersmith.

Cindy Andersen, Ingka Centres’ managing director, said: ““Pasing Arcaden is iconic within Munich and the 1.3 million people who live locally. We see this as a fantastic opportunity to bring the Ingka Centres concept to a shopping center backed by years of success.

“Most importantly, we look forward to creating a vibrant, inclusive space where the local community can come together to connect, shop, and share experiences. This is our 26th meeting place in Europe, our first back in Germany, and yet another flagship moment for our global growth journey. We can’t wait to get started.”

Subscribe For Retail News