Paulo Portas was joined by several high-ranking officials to mark one of the biggest single investments in Portugal in recent years, which will see the IKEA store flanked by a shopping centre and an outlet in an investment worth 200 million euros.
The project itself is expected to create 3,000 direct jobs, but Richard Vathaire, Managing Director of IKEA Centres, the global company operating the IKEA group’s shopping centres, believes this number is likely to be higher, especially during
the construction phase of the complex.
Christiane Thomas, Retail Manager of IKEA Portugal, explained that Loulé IKEA will cover 24,000m2 and that the opening is planned for sometime next year, though it is only expected to be fully functional in 2017, when the shopping centre will boast 220 stores and 3,500 parking spaces spread over an area of 85,000m2.
Richard Vathaire told The Portugal News that the store will compete with the best Europe has to offer.
“Despite the current economic situation, we want to continue with our contribution to the development of the Portuguese economy with quality projects and ones that create wealth and jobs.”
The Deputy Prime Minister, who opted not to answer questions related to next month’s general elections, explained that the IKEA store is “extremely significant due its dimensions. This investment, from a financial point of view, is one of the biggest we have seen in the current legislative period, and in terms of job creation, the biggest in recent years in a region where employment is very important.”
Loulé Vice Mayor Hugo Nunes meanwhile remembered that this project has dragged on for a number of years “and was controversial and was discussed to a great degree, and while it has been contested, has also received widespread support.”
He explained that both the Loulé Town Hall and IKEA are currently assessing measures which will “mitigate and reduce the negative impacts that could emanate from the building of the IKEA store in close proximity to smaller business and also to find ways of reviving shopping areas and the urban centres of our cities.”
IKEA currently have three stores in Portugal at Alfragide, Loures and Matosinhos, with a factory located at Paços de Ferreira.
The Portugal News was told that IKEA are looking to further expand their presence in the coming decade in the country, with plans in place to build another six stores, starting next year in Braga.
Other potential locations are in central Portugal and the Greater Lisbon Area, but none are planned for the Alentejo while Loulé is deemed sufficient to serve the needs of the population in southern Portugal.
IKEA Loulé set to open by 2017
in Algarve · 03 Sep 2015, 13:36 · 10 Comments
A big initiative , many thanks to IkEA to believe i the potuguese economy!
By Fatima from Other on 07 Oct 2015, 13:57
When is IKEA Loule to open .I want to order furniture
By Philip Bright from UK on 26 Sep 2016, 15:48
E a date de a abertura ja conhecido?
Is the opening date already know?
By Corry from Algarve on 30 Sep 2016, 12:29
Is the opening date alreeady know?
By Buijs from Algarve on 14 Oct 2016, 10:57
Can you advise when Ikea in Loule opening for purchasers.Thanking you in anticipation Graham Clark
By graham clark from UK on 09 Nov 2016, 17:20
Is the accurate opening date of the new Loule Store already known?
Thank you for your answer.
Therese Zahner
By Therese Zahner from Algarve on 26 Dec 2016, 13:30
When does the store in Loule open
thank you
By Ruth Homes from UK on 11 Jan 2017, 20:50
WHEN IS IKEA OPENING IN FARO PORTUGAL
By PETER from UK on 26 Jan 2017, 16:46
When will the store in Loulé been open?
By Van Gestel from Algarve on 11 Feb 2017, 12:23
I would like to order furniture from store now to be delivered may. Is this possible?
By sandra macintosh from UK on 05 Mar 2017, 14:16