10.11.2026, 10:28
IKEA's former headquarters in Russia has changed hands
Source: OREANDA-NEWS
OREANDA-NEWS In early November 2026, the structure of AGR Automotive Group, AGR Holding LLC, gained control of the Khimki Business Park business center with an area of 42 thousand square meters. Kommersant reports on the change of ownership with reference to the SPARK database.
Previously, the business park served as the Russian headquarters of the Swedish Ingka Centers, which owns the IKEA chain.
According to Nikolay Goryunov, director of capital markets at IBC Real Estate, the purchase of the facility could cost the company 3-3.3 billion rubles. Anton Kalistratov, Head of CMWP's Valuation and Consulting Department, estimates the deal at 3.3–4.6 billion rubles, while Ekaterina Andreeva, Director of the Investment and Capital Markets Department at Bright Rich | CORFAC International, estimates it at 6.5–7 billion rubles.
AGR Holding could purchase the office building for investment purposes: most of the space in the facility is already occupied, and attracting new tenants will increase cash flow, Andreeva believes. About 15-20 percent of the office space is currently available in the facility, Kalistratov added.
IKEA's global sales have been falling for the third year in a row, according to Bloomberg. The results are deteriorating, as the company that left Russia cannot attract consumers with a limited budget. According to the Swedish company, over the past fiscal year, total sales decreased by 0.7 percent year-on-year to 43.8 billion euros ($44.6 billion). Inter IKEA Group reported a 15 percent decrease in operating profit to 1.46 billion euros.
Previously, the business park served as the Russian headquarters of the Swedish Ingka Centers, which owns the IKEA chain.
According to Nikolay Goryunov, director of capital markets at IBC Real Estate, the purchase of the facility could cost the company 3-3.3 billion rubles. Anton Kalistratov, Head of CMWP's Valuation and Consulting Department, estimates the deal at 3.3–4.6 billion rubles, while Ekaterina Andreeva, Director of the Investment and Capital Markets Department at Bright Rich | CORFAC International, estimates it at 6.5–7 billion rubles.
AGR Holding could purchase the office building for investment purposes: most of the space in the facility is already occupied, and attracting new tenants will increase cash flow, Andreeva believes. About 15-20 percent of the office space is currently available in the facility, Kalistratov added.
IKEA's global sales have been falling for the third year in a row, according to Bloomberg. The results are deteriorating, as the company that left Russia cannot attract consumers with a limited budget. According to the Swedish company, over the past fiscal year, total sales decreased by 0.7 percent year-on-year to 43.8 billion euros ($44.6 billion). Inter IKEA Group reported a 15 percent decrease in operating profit to 1.46 billion euros.
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