Ikea to sell flats in a mini-town

Published on 23/08/2012 00:00

FIRST it was flatpack wardrobes, then hotels and now Swedish home furnishing giant Ikea is planning a mini-town.

Hamburg in Germany is the destination for “Ikeaville” with Ikea searching for at least 150,000 square feet to develop with homes, shops and offices.

“We want to build a new area of the city from which Hamburg can benefit,” said Harald Mueller, manager at Ikea property subsidiary Landprop yesterday. “And preferably near an Ikea outlet.”

“The new district would include housing for thousands of Hamburgers, as well as shops and offices.” Potential locations are near to the port city’s airport.

Planning permission has yet to be granted.