Ingka Investments’ Post

I am reposting Peter van der Poel's exciting announcement about IKEA’s city-center retail presence in New York. IKEA’s leap from the classic blue box to inner city stores started as a creative idea in a Future Search for the “Store of the Future” that I facilitated. They had management, customers, and suppliers from regions around the world and explored together the implications of consumer’s changing lifestyle needs. Their vision of the future included this new way to engage with consumers closer to downtown, a dramatic change in their business model. It’s great to be connected to another courageous IKEA journey aligned with their mission of a better everyday life for the many. My relationship with IKEA began in 2004 when they ran their first Future Search to redesign their global supply chain process. Since then, I have seen them bring their whole system together for each complex issue they face to create paths forward that benefit everyone. This investment in bringing IKEA retail into New York shows the strength of building strategy with internal and external partners. I want to say more about IKEA, the most sustainability-minded company I know. Following a Future Search on sustainability with internal stakeholders from all functions and external partners such as WWF, Greenpeace, UNICEF and European Union Commission, sustainability became integral to every business plan. After the 3-day meeting, Managing Director Torbjörn Lööf said, "We had been thinking about environmental questions, but we had never been able to put it in a strategic context. Now we have built a holistic view." Today IKEA is a global leader in having sustainability as their way of doing business. CSO INGKA Group (IKEA’s largest retailer) Karen Pflug speaks about IKEA’s commitment to transitioning to being a circular business, halving their emissions by 2030 and becoming net-zero by 2050. As CEO INGKA Jesper Brodin has said in his work with Future Search “Applying FS principles is always rewarding and well worth the effort.” Personally, I am thrilled to be part of this global impact on people and the planet. Future Search is more important today than ever. People with diverse, even polarized, perspectives can find a story they share and take action. The world needs us to take on the whole of an issue, with the “whole system” in the room, so they can discover common ground across perceived differences and act together. Future Search is the most honest way forward. Michael Donnelly and I are running a Future Search Training Workshop in Berlin, Germany, October 9-11, 2024, supported by Jutta Weimar. See https://lnkd.in/e5qcnehf #Leadership #Innovation #Sustainability #WholeSystem #FutureSearch #Future #StrategicPlanning 

Here's a repost of repost. The original post is about how IKEA are starting a new strategy of having stores in inner cities. The interesting piece is that the idea came in a Future Search about the Store of the Future. Sandra Janoff goes on in her post to share how Future Search has helped shape IKEA strategy since 2004 across a range of topics from Quality to Sustainability. IKEA is a complex organisation with a lot of impact on the world and its commitment to sustainability makes it stand out. It's very cool that Future Search has been so connected to the journey of IKEA to become what it is! Future Search has four fundamental principles. The first two mean that the "Whole System" is engaged in the planning and the second means that everyone takes time to learn about the whole before choosing where to act. The other principles help ensure that when they act it is based on what they agree as common ground, and lastly that everyone takes responsibility for their participation in the journey! Engaging the whole system is both possible and for many issues, essential, if real change and implementation are required. #change #leadership #facilitation #wholesystem #change #implementation

Investing in industrial real estate is a smart move for long-term growth. With the rising demand for storage, distribution centers, and logistics hubs due to the boom in e-commerce, these properties are becoming increasingly valuable. Urbanization and the strategic importance of industrial zones mean that now is the time to consider this high-potential investment. 🏗️✨ #IndustrialRealEstate #RealEstateInvesting #CommercialProperty #Ecommerce #UrbanGrowth #PropertyAppreciation #InvestmentStrategy #LongTermGrowth #WhiteRockRealEstate #SouthSurrey

Mitiska REIM has today announced on behalf of the MEREP 3 fund a joint venture partnership with Park Lane Developments to develop retail parks in Bulgaria.   Park Lane Developments is a leading commercial property company which develops and manages prime office, logistics/light-industrial, and retail park assets in Bulgaria and the CEE Region. Park Lane is part of AG Capital, a leading commercial and residential real estate investment group operating in Bulgaria, Romania and Poland.   Under the joint venture, Mitiska REIM and Park Lane plan to develop and open at least 5 prime retail parks in Bulgaria over the next 5 years. The JV has already acquired its first land plot in the Hadzhi Dimitar district of Sofia to develop a retail park which is scheduled to open by the end of next year.   Tomas Cifra, Mitiska REIM’s Managing Director for Romania, Czech Republic, Slovakia & Bulgaria, comments: “The Bulgarian market offers significant opportunities in the retail park sector – shoppers’ disposable income is rising, consumer spending is increasing, and retailers are looking for modern and sustainable retail space to meet this demand. We look forward to working in partnership with the Park Lane team to capitalize on this opportunity.” To read the full press release, please follow this link: https://lnkd.in/eXWdeS2n #conveniencerealestate #retailparks #lightindustrial #SME #urbanlogistics #selfstorage #esg

Where are the opportunities in retail real estate? The Brookings Institution intern Yilun Zha and Geographer Tracy Hadden Loh have a view. The below article does an excellent job demonstrating the strength in retail real estate, debunks some myths about actual market conditions, and even discusses where opportunities might be. A compelling read. For more insights into retail, real estate, and leadership follow 👉#ressaonrealestate

Educational Series: Unlocking the Potential of Industrial Real Estate Investments An increasingly critical factor in the sustained growth of the industrial real estate sector is the shift towards omnichannel warehousing. As traditional retail models evolve and certain warehouse uses experience a pullback, the demand for skilled warehouse workers is notably improving. Industry projections indicate a significant uptick, with 64% of warehouses expecting to increase staffing levels in 2024. This trend underscores the importance of adopting an omnichannel approach to warehousing, which integrates both online and offline distribution channels to meet consumer demands more efficiently. The move towards omnichannel warehousing is becoming a pivotal strategy for investors and operators aiming to capitalize on the expanding opportunities within the industrial real estate market. E-Commerce Growth: The relentless expansion of online shopping fuels the need for distribution and fulfillment centers, directly benefiting the industrial real estate market. Supply Chain Optimization: Companies are reevaluating their logistics strategies to ensure efficiency, often requiring and omnichannel strategy for industrial warehouse spaces. Technological Advancements: Automation and robotics are transforming warehouse operations, increasing the demand for modern, high-spec facilities or aggressive retrofits. Geographic Location: Proximity to major transport hubs, like ports and airports, enhances the value of industrial properties. Long-Term Leases: Industrial tenants often sign long-term leases, providing investors with stable and predictable cash flows. Resilience to Economic Fluctuations: Industrial real estate has shown resilience during economic downturns, partly due to the essential nature of logistics and distribution services.  The omnichannel strategy is projected to extend that resilience far into the future. Investment Considerations: Before diving into industrial real estate, assess local market conditions, tenant creditworthiness, and the potential impact of technological changes on property requirements. Additionally, consider environmental and zoning regulations that could affect facility operations. Conclusion: Industrial real estate offers a compelling investment opportunity, particularly for those looking to diversify their portfolio and tap into the growth driven by e-commerce and supply chain innovations. As with any investment, thorough due diligence and professional advice are paramount to navigating this sector successfully. Disclaimer: This post is for informational purposes only and is not intended as financial advice. Prospective investors should consult with financial, legal, and real estate professionals before making investment decisions. By Scott Stellmon #IndustrialRealEstate #InvestmentOpportunities #ECommerceGrowth #SupplyChain #RealEstateInvesting #PortfolioDiversification #MarketTrends #DueDiligence

Allgreen Properties has acquired The Seletar Mall (https://lnkd.in/ggDvfP5v) from Cuscaden Peak Investments Private Limited (fka Singapore Press Holdings Private Limited) and United Engineers (UE) for S$550 million. The purchase price amounts to around S$2,900 per square foot net lettable area. According to Leong Chye Tho, Managing Director of Allgreen, acquiring The Seletar Mall diversifies the company's retail presence, complementing its upcoming Pasir Ris Mall (https://lnkd.in/gfeZNZuU) set to open in the second quarter of 2024. Cuscaden Peak Investments noted that the divestment enhances shareholder returns, citing strong interest from real estate players attracted to Singapore's suburban retail assets. The Seletar Mall, opened in November 2014, features popular tenants such as NTUC FairPrice Finest, Shaw Theatres, POPULAR Bookstore, and Harvey Norman. Despite a declined offer from Paragon REIT in February, Allgreen proceeds with the acquisition, further solidifying its retail landscape presence. Roy Tan, CFA, FRM, Group Managing Director of United Engineers, described the timing of the divestment as "opportune," citing strong interest from prominent local and international real estate players attracted to the growth and resilience of Singapore's suburban retail assets. #RealEstate #PropertyInvestment #Retail #Growth #Scale #Opportunity #Business #Singapore #Acquistions I The Business Times I The Straits Times I SPH Media I Jessie Lim

European retail property company Vastned, has sold Rokin Plaza, in Amsterdam, the Netherlands, to an unnamed private investment company for €100 million. https://lnkd.in/gX3an7Rj Rokin Plaza, at Kalverstraat 11-17/Rokin 12-16 is let to fashion brands UNIQLO and Pull & Bear. The office space on the top floors is let to Effectory. Vastned was advised by CBRE. In 2023, Vastned conducted a strategic reorientation, which suggested selling specific parts of the portfolio at the right price would unlock the most value. The property is currently fully let and Vastned considers that a divestment against the agreed price unlocks value for the company. The proceeds of the sale will enable Vastned to reduce external borrowing; improve financial ratios and create flexibility. #retail #RokinPlaza #Amsterdam Vastned CBRE #Consorto #CRE #commercialrealestate #commercialproperty #retwit #followus

Wednesday, July 3 #Warsaw #Poland - Coffee with Craig Show daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman For interviews and partnerships contact Craig Smith - Craig@EuropaProperty.com -- Publications 2024/5 - EuropaProperty Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - EuropaProperty Retail Guide - November - MAPIC World 2025 - EuropaProperty Real Estate Guide - MIPIM --- EVENTS 2024/5 EuropaProperty Events –2024 October 15, CRE Awards (#Budapest) www.CREAwards.net October 29, CEE Investment Awards (#Warsaw) https://lnkd.in/eiBWSCY 2025 January 30, Retail Awards (#Warsaw) www.RetailAwards.eu April 3, SEE Real Estate Awards (#Bucharest) https://lnkd.in/dFcNGnM May 22 Baltic Real Estate Awards (#SOPOT) https://lnkd.in/dB6ytmkr -------------NEWS---------- - Developer refield. has sold two retail parks, Pasaż Kępiński and Pasaż Grodziski, to Falcon Investment Management . These two assets, totalling 22,000 sqm GLA, completed by Refield in late 2023, have a total value of around €35 million. This transaction is part of Falcon Investment Management's long-term development strategy to create a modern network of retail parks under the OTO Park brand. "Today, we have almost 62,000 sqm of modern retail space in our portfolio, but by the end of this year, this value will increase significantly", commented Piotr Piechocki, founder and CEO, Falcon Investment Management. All parks purchased by Falcon Investment Management have been fully leased by Refield. "We are handing over to the Falcon fund two more retail parks we have built, but also fully commercialised. The tenants include the most popular retail brands, which are a guarantee of business success", said Fabian Eryk Barbarowicz, CEO of refield.   - Panattoni has secured a significant lease expansion at the Wrocław South Logistics Hub. A leading e-commerce operator, currently leasing 55,000 sqm, will increase its space to nearly 180,000 sqm. The expansion includes Hall B (91,000 sqm) and Hall C (34,000 sqm), with advanced automated systems and BREEAM Excellent certification. Damian Kowalczyk, Development Director at Panattoni, highlights this expansion as a testament to Lower Silesia's strong logistics position. The hub, located 15 km from Wrocław, provides strategic access to key roads, enabling efficient distribution across Poland and to Western Europe. - VGP is developing a new business park, VGP Park #Zagreb, in Lucko near Zagreb, #Croatia. Spanning 8 hectares, the park will offer 28,500 sqm to Verne for its flagship urban autonomous mobility project. The site, announced at the Rimac Campus, will support Verne's autonomous electric vehicle and mobility service platform, aiming to launch robotaxi services in Zagreb by 2026, and in the UK and Germany by 2027.

The last few years have seen a rapid expansion in e-commerce, moves to just-in-case inventory management and a squeeze in the supply of zoned industrial land deliver some exciting times in industrial property.     But following a period of unprecedented demand for industrial space and strong growth in rents, there are also challenges ahead.     So how will the sector adjust as the cost-of-living crisis bites into discretionary spending, and an easing of the global supply chain crunch reduces demand for warehouse space?   What can industrial asset owners do to make the most of the challenges and opportunities in an uncertain global market?    Join us at the Property Council’s 2024 Industrial Outlook and hear an informative keynote presentation followed by esteemed pane, Sophie Marshall, Manager, TMX Transform, Simon Sayers, General Manager, ESR Australia, Stu Verrier, Head of Property Development Melbourne Airport, moderated by Eleni Roussos, Director, VIC Planning Urbis. 20 February 7:30am - Book here: https://lnkd.in/gyCXBuFF Property Council would like to thank our event partners, Essendon Fields and Maddocks, as well as our series partner, ADP Consulting Pty Ltd for their ongoing support.