Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Ikea will open its largest urban store in Europe, in Madrid

Click to Enlarge

Cushman & Wakefield has advised the rental operation of the premises, property of  Redevco. The establishment is located in the neighbourhood of Salamanca, in Goya 47 -the place formerly occupied by Zara-, and has 2,300 square meters and has four floors.

The Swedish multinational has selected six cities to test its urban store model of the future, including London, New York, Stockholm, Vienna and Shanghai. Madrid will be the largest in Europe.

The objective of the company is to open experiential establishments that allow to personalize products, taste Swedish gastronomy or go to activities related to decoration or interior design. In addition, it will have a strong technological burden.

The Goya store will follow in many aspects the line that Ikea already marked a year ago with the inauguration of its first urban store in Spain, located on Serrano street in Madrid.

Ignacio Acha, Associate Director of High Streets in Madrid, believes that "We are very proud to have led this emblematic project for Redevco and to help in the new IKEA strategy in the city center. "