IKEA KOMMUNARKA SHOPPING CENTRE

Location:

Russia

Project number:

27377

Business sector:

Property and tourism

Notice type:

Private

Environmental category:

B

Target board date:

17 Sep 2002

Status:

Completed

PSD disclosed:

19 Sep 2002

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.

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Text of the PIP

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