World’s largest Ikea to open in the Philippines in 2020
percent exposure in Sydney and Melbourne.
According to Dexus, GIC will take 25 percent ownership of the trust’s portfolio, while the Australian firm will be responsible for the remainder. It has been revealed that multinational retail firm IKEA will open its biggest store to date in the Philippines in
The outlet is expected to cover a total area spanning 700,000 square feet, nearly double the size of one of the firm’s typical warehouses and equivalent to the area of almost 11 football pitches.
Alongside the store, set to be situated in Manila, the facility will include an ecommerce facility and an in-house call centre.
The new build will be a substantial increase on IKEA’s largest existing store in Southeast Asia, currently located in Johor Bahru, Malaysia and spanning just over 500,000 square feet.