Today, Ingka Investments announces the acquisition of a 133,000 sqm Hedeland logistics centre in the Greater Copenhagen area. The purchase is part of the real estate portfolio of Ingka Investments, the investment arm of Ingka Group.
“Ingka Investments supports the continuous growth of IKEA Retail in the omnichannel transformation with investments in new capabilities. One way to do that is by actively seeking long-term ownership of commercial multi-tenant real estate at prime locations.”
– Peter van der Poel, Managing Director, Ingka Investments
The logistics centre investment serves as the second of its kind and follows the acquisition of Greenogue Logistics Park in Dublin back in March this year. The acquisition is part of Ingka Investments’ ongoing strategy to invest in real estate in major cities where Ingka Group operates. By owning more properties that increase in value over time, it ensures the flexibility needed to accelerate overall growth.
“Ingka Investments supports the continuous growth of IKEA Retail in the omnichannel transformation with investments in new capabilities. One way to do that is by actively seeking long-term ownership of commercial multi-tenant real estate at prime locations. With our real estate investments, we secure that IKEA Retail can grow and expand in prioritized cities, secure critical locations for our omnichannel fulfillment network and through long term ownership enable automation leading to cost-efficiency, and become more agile to meet customer expectations,” says Peter van der Poel, Managing Director, Ingka Investments.
The well-sought centre is the second largest in Denmark, located in Hedehusene in the Greater Copenhagen area, in close proximity to densely populated areas, with good access to the city centre, Copenhagen airport and the Oresund bridge, making it a prime location for transport and logistics operations. The last mile properties use sustainable construction principles and are powered by solar panels.
Due to the centre’s size and capacity, the new location means IKEA Retail can fulfil 50 percent more customer orders compared to the previous center. The warehouse can now also replenish and support three western Danish stores providing them with more commercial and fulfilment opportunities, such as click and collect lockers in the IKEA Aarhus store providing customers more convenient and affordable pick-up options.
IKEA is committed to becoming the best omnichannel retailer for customers everywhere, and as such, Marcus Baumgartner, Head of Customer Fulfilment at Ingka Group says that “Acquiring this logistics space reflects our strong focus on retail and customer satisfaction. It’s another important step towards understanding and meeting our customers’ needs. We aim to increase IKEA omnichannel capabilities, making sure that we can meet our customers’ preferences anytime and anywhere. This logistics center strategically expands the IKEA network and retail ecosystem, enabling us to operate more efficiently in terms of product range, services, accessibility, affordability, and sustainability.”
The new Copenhagen logistics centre will enhance the omnichannel experience, allowing the organisation to better implement innovative solutions, thus increasing the availability of IKEA products for Danish customers.
About Ingka Group
Ingka Group (Ingka Holding B.V. and its controlled entities) is one of 12 different groups of companies that own and operate IKEA retail under franchise agreements with Inter IKEA Systems B.V. Ingka Group has three business areas: IKEA Retail, Ingka Investments, and Ingka Centres. Ingka Group is a strategic partner in the IKEA franchise system, operating 392 IKEA stores in 31 countries. These IKEA stores had 657 million visits during FY21 and 4.6 billion visits to IKEA.com. Ingka Group operates business under the IKEA vision – to create a better everyday life for the many people by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible can afford it.
Read more about Ingka Group’s sustainability performance and commitments in the new Annual & Sustainability Summary report.
*IKEA climate positive means to reduce more greenhouse gas (GHG) emissions than the IKEA value chain emits by 2030, while growing the IKEA business. IKEA is committed to the Paris Agreement and to contribute to limiting the global temperature rise to 1.5°C above pre-industrial levels. This includes a commitment to halve the absolute net GHG emissions from the total IKEA value chain by 2030. We will achieve this by drastically reducing GHG emissions through science-based targets and by removing carbon from the atmosphere through natural processes and storing it in land, plants and products through better forest and agriculture management within the IKEA value chain. We will contribute to further greenhouse emission reductions in society by going beyond IKEA, such as enabling customers to generate renewable energy at home. Read more about the IKEA commitment here.