Inter Ikea Centre Portugal (IICPT), part of the Ikea Group, will invest up to EUR 170mln in the development of the Matosinhos shopping centre in Porto, Portugal. The retail project, scheduled to open in the third quarter of 2008, will offer more than 100,000 m[sup]2[/sup] of retail area on two floors, including a 36,000 m[sup]2[/sup] Ikea store and a 4,000 m[sup]2[/sup] food court, as well as 5,100 parking spaces. The 200-retail unit centre is the first project to be developed by Ikea in Portugal. Jones Lang LaSalle's retail department is marketing the asset. Portuguese newspaper Vida Imobiliaria reported that the Swedish retail giant plans to invest up to EUR 660mln in the country by 2015.
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