IKEA store in Rishon Lezion
Photo: Avi Moalem
IKEA to open 3rd Israel store in Kiryat Ata
International home products company purchases 50% of the Shikun & Binui complex in northern town, at total investment of NIS 55 million
The IKEA Israel chain last week announced the purchase of 50% of the Shikun & Binui complex in the northern town of Kiryat Ata, at a total investment of NIS 55 million (about $14.5 million).
The area stretches over 24 acres, and will include a commercial center, parking lots and a gas station, which will employ more than 1,000 workers.
The international home products company's third Israel store is expected to be built in the complex in the future.
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A total of NIS 600,000 ($157,500) will be invested in the commercial project.
Austrian furniture retailer Kika is also planning to open another store in Israel in the Haifa bay area in partnership with the Ashtrom construction company, after opening its first store near the IKEA branch in Netanya.
IKEA's third store, expected to open in 2014, will be located in the commercial center near Kiryat Ata's Ata Junction, in a building measuring 24,000 square meters (258,300 square feet) in size.
"I have no doubt that like in Netanya and Rishon Lezion, IKEA's entry will lead to the prosperity of the entire area and create many new workplaces for local residents," said IKEA Israel Chairman Ron Hadassi.
