St. Petersburg Research Institute requires 2 billion rubles from IKEA for refusing to build a new Mega
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Northern Research Institute of Hydraulic Engineering and Land Reclamation (SevNIIGiM) sued to the Ingka Centers Rus Property E company (part of the Ingka Centers holding, which owns IKEA stores and the Mega shopping mall) in the amount of 2.08 billion rubles. The research institute intends to sue the “daughter” IKEA for the amount spent on the preparatory work for the construction of the shopping mall “Mega Novoselie”.
As they write Vedomosti, we are talking about the construction of a complex for 220 thousand square meters. m on a plot of 40 hectares between the ring road and the Krasnoselskoye highway. SevNIIGiM acted as a co-investor in the project and was supposed to carry out the entire range of preparatory work. It was planned to open the shopping center in 2021, but a year before that, IKEA changed its strategy for its presence in the Russian market and canceled construction. The institute demands to recover 1.8 billion rubles from the company. as the principal amount and 284 million rubles. penalties for the use of other people’s money. Consideration of the claim is scheduled by the Arbitration Court of St. Petersburg and the Leningrad Region for August 17.
Ingka Centers Russia currently manages 14 Mega shopping and entertainment centers in 11 Russian cities. IKEA suspended the work of its branded stores in Russia in the spring of 2022, after which it announced its final withdrawal from the Russian market.
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