EBRD IKEA
November 1st, 2002
KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending the Russian subsidiary of IKEA US$100 million to finance Russia's first combined mega-shopping and entertainment complex. It will be built on the outskirts of Moscow and will be Russia's largest shopping mall, covering 170,000 square metres. The complex will be built alongside IKEA MOS' existing south-west Moscow outlet and will consist of five major anchor stores, 250 smaller shops, 10 restaurants, a multiplex cinema, a skating rink and a large car park. The loan is the first ...
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