World’s largest Ikea to open in the Philip­pines in 2020

Asia Outlook - - News -

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

2020.

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.

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