Ingka Centres acquires one of the largest shopping centres in Paris
Ingka Centres has acquired one of largest inner-city shopping destinations in Paris.
The company has purchased the Italie Deux shopping mall, its high-street extension ItaliK, and the neighbouring Apollo office complex.
The combination of the three assets will form Ingka Centres’ first urban mixed-use development in France. With retail tenants including the likes of Zara, Sephora and Carrefour, the scheme currently attracts more than 11 million visitors a year.
Cindy Andersen, Ingka Centres’ managing director, said: “Paris is famous for its unique vibe that brings people together and inspires great ideas. Italie Deux is one of the premier retail destinations in Paris, known for its mix of shopping, food and culture, and we are excited to continue to develop its offer with an affordable, sustainable range of destination retail, culinary experiences and amenities to help our partners and communities to thrive.”
Once refurbished, the Apollo office complex will provide approximately 18,000 square metres of state-of-the-art office space spread over nine levels. This will include outdoor and rooftop eating spaces as well as social areas and terraces. The space is also set to include urban agriculture areas that will supply cafeterias and restaurants.
Andersen continued: “Vibrant leisure and retail spaces close to the workplace are now seen as an essential element of the employer offer. We’re excited to bring Apollo, Italie Deux and ItaliK together as a united space for Parisiens to shop, work, and play and enjoy everyday life in sustainable ways.”
The mixed-use property is situated at Place d’Italie .
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