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Wed May 12 2021

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Ikea picks Leighton for Indian store

10 Apr 17 Ikea Group has appointed Cimic subsidiary Leighton Asia to build a new store in Hyderabad, India.

The contract will generate revenue of approximately AU$70.4m (£42.6m) for Leighton Asia.

Cimic Group chief executive officer Adolfo Valderas said: “We are pleased to be the key player in delivering IKEA’s flagship store in India and to contribute our international experience and local expertise to ensure an efficient and effective construction programme. Not only is this a major milestone for Ikea but it is also one of significance for Cimic Group and Leighton Asia in terms of securing this important contract with one of the world’s biggest home furnishing brands.”

The construct-only contract includes the delivery of civil and structural works; mechanical, electrical and plumbing services; and façade and external works. The retail store and warehouse building will be built across a 5.2ha site with a total built-up area of approximately 40,000m2 plus parking.

The Ikea retail outlet will have five floors, including two basement levels for parking and three levels for a market hall, warehouse, showroom, restaurant and home delivery area, as well as a play area and day-care centre for children.

Construction is targeted for completin early next year.

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MPU

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