Question
In February 2022, Ingka Investments, the investment arm of Ingka Group bought the former Topshop store on Oxford Circus, one of the busiest retail locations
In February 2022, Ingka Investments, the investment arm of Ingka Group bought the former Topshop store on Oxford Circus, one of the busiest retail locations in Europe, as the Swedish home-furnishings giant expands into city centers to gain urban customers, creating a headline-grabbing London West End home for the Swedish mega-brand. There are plans for the junction upon which IKEA will sit to be transformed into two car-free piazzas with trees and seating, led by Westminster City Council and the Crown Estate, with an international design competition held by the Royal Institute of British Architects.
What would you ask or offer the local government if you were the developer? How could public and private sectors collaborate?
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