IKEA Applying for Development in Sydney Business Park, NSW Australia
HOMEWARES giant IKEA is pinning its hopes for Australian success on Sydney’s growth boom, ramping up plans to have four mega-stores in the city.
Managing director David Hood predicted a tough retail year ahead but said Sydney was the place to be, with the city’s expansion rivaling global counterparts.
Its second Sydney store in Tempe has served 750,000 customers in the three months since opening.
Now a third store location has been purchased in Sydney’s northwest, while IKEA scouts for a fourth in the city’s west or southwest.
A subdivision development application for a new store at Marsden Park in Sydney’s northwest is expected to be lodged this month.
At 36,000sq m, Marsden Park will be of a similar size to the store recently opened at Tempe. Work on the site is set to start late this year with an expected opening of 2014-15.
Spanning the size of nine football fields, the Sydney Business Park will be a 256ha complex at Richmond Rd.
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