STOCKHOLM - Ikea's Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first such acquisition last month, its managing director said.
"We have ongoing discussions in big European cities," Ingka Investments managing director Krister Mattsson said."It takes time to buy properties, but there is a lot in the pipeline," he told Reuters. "For good locations in big cities, which is what we are looking at to meet our customers, there is always demand," he said."We haven't seen any big impact yet on prices for such properties - which one may have expected when the crisis came."
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