IKEA's shopping centres arm aims to open its first U.S. mall within a year

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Ingka Centres over the weekend announced its first acquisition of U.S. real estate, that of the 6X6 San Francisco city-centre mall that has stood vacant since its completion.[L8N2G205E]

Ingka Centres, a division of Ingka Group, which owns most IKEA stores worldwide, said on Monday its total investment in the mall, counting acquisition and future redevelopment, would be $260 million.

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