Project Description
The loan would finance the establishment and operation of a shopping centre, located on a site adjacent to one of IKEA’s two existing stores in the Moscow region.
The EBRD funds aim to help introduce in the Russian Federation a new concept of retail and international retail practices.
Transition Impact
The financing of IKEA MOS is expected to promote competition in the sector and raise standards in the retail market, which would eventually lead to a more efficient market environment. Local customers would be provided with an innovative, customer oriented retail environment. IKEA, which is regarded worldwide as a professional company with stringent operating rules and high standards, would help raise industry standards and transfer skills to various players across the retail and property markets as well as set sound corporate governance standards.
The Client
IKEA MOS, a Russian subsidiary of the IKEA Group
EBRD Finance
10-year US$ 100 mln corporate loan.
Project Cost
Environmental Impact
An environmental analysis has been made and the EBRD project has been screened B/0.
Technical Cooperation
None.
Company Contact
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
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Text of the PIP
