25 May 2024, 12:06
By Furniture News Nov 13, 2023

IKEA parent acquires Brighton shopping centre and plans new store

Ingka Centres, part of the Ingka Group, has announced the freehold acquisition of Brighton’s main shopping centre, Churchill Square.

With the acquisition complete, IKEA UK, also part of the Ingka Group, has confirmed its plan to bring a brand-new IKEA City store to the popular site, which will become the 23rd IKEA store in the UK.

The new IKEA City store will open on the site of the former Debenhams shop, and marks the latest phase of the retailer’s ongoing omnichannel transformation which, alongside new stores, is supported by investments in new services, the development of existing stores and new fulfilment and delivery capabilities.

The store promises to offer a wide array of the brand's most popular products – approximately 6000 on display, with 3000 available for immediate purchase, and the full range available for delivery via zero-emission vehicles. In-store planning services will support customers' kitchen, bedroom and bathroom planning needs, with a Swedish Deli also forming a part of the two-storey store.

Peter Jelkeby, country retail manager and chief sustainability officer at IKEA UK & Ireland, says: “We’re delighted to continue expanding and investing throughout the UK to make it easier and more sustainable for people to shop at IKEA. Sussex has long been an area of interest to us, and we really look forward to bringing IKEA closer to where our customers live, work and socialise, and becoming a part of this vibrant community.”

Churchill Square currently benefits from a mix of flagship retail and dining options that have traditionally attracted more than 11 million visitors annually. Retail tenants include Inditex, Apple, Next, H&M, Urban Outfitters and Levi’s, alongside a food court with McDonald’s, Krispy Kreme and Ed’s Easy Diner.

Ingka Centres has also acquired Chartwell Court, a residential tower block on the site, two attached car parks and a leasehold on a third car park.

Ingka Centres intends to develop Churchill Square’s strong retail fundamentals by adapting its retail offer to community needs, and to invest in Churchill Square’s infrastructure to play a part in supporting Brighton and Hove City Council’s drive to establish a thriving local circular economy. Future investments will include improvements to energy efficiency to bring the asset up to BREEAM excellent standards, while a wider roadmap of initiatives reflects Ingka Centres' global sustainability commitment.

Cindy Andersen, Ingka Centres’ MD, says: “Brighton is known as a welcoming and progressive city, so it is a real privilege to take up responsibility for delivering a revitalised meeting place of which the many people can be truly proud. We are excited to strengthen our portfolio with a well-established shopping destination in the heart of the vibrant and growing city of Brighton and Hove. It fits perfectly into our global expansion strategy, allowing us to transform a traditional retail space to a meeting place that is much more than just a place to shop.

“We’ve proven in Hammersmith that traditional shopping centres have a strong future when they are adapted and constantly evolving to match the real needs of local communities. We’ll be working alongside our partners such as IKEA and the wider community to make everyday life better for the many people of Brighton, shaping and delivering an affordable, sustainable range of destination retail, restaurants, services and amenities.”

Ingka Centres already owns Kings Mall in Hammersmith. The new IKEA store will be the third City store in the UK, following IKEA Hammersmith (2022) and IKEA Oxford Street (2024).

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