IKEA’s new London location pushed back a year

Swedish furniture retailer IKEA has pushed back the opening date of its new Oxford Street store.

IKEA is currently refurbishing the site that was previously occupied by TopShop where it will feature 82,000sqft of retail space.

Upon completion, IKEA said that around 150 jobs will be created with the new store set to house over 6,000 products.

Ingka Investments, part of the IKEA group, said that renovation of the grade II listed building is going to take longer than expected with the store set to open in Autumn 2024, a year later than this Autumn’s first forecast.

As part of the renovation project, the group is removing fossil fuel gas-fired boilers and replacing them with energy-efficient air source heat pumps to improve and meet sustainability targets. The building will be powered by renewable energy.

Ingka Investments said: “When refurbishing this over one hundred-year-old historic landmark, it’s important for us as an investor to treat the building with care and to preserve its characteristics and atmosphere.

“At the same time, we want to upgrade it to today’s standards with the best possible sustainability credentials. To ensure all of this, the extensive refurbishment will take more time than initially anticipated.”

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