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Ikea starts work on massive Algarve project

ikea2Despite lingering court actions designed to halt the Swedish giant retailer, the Ikea Group in Portugal finally has started work on its vast commercial project between Loulé and Faro.

The diggers started today, August 3rd, with an unspecific completion date for the Ikea store sometime in 2016 with the surrounding shopping centre due to be completed a year later.

Ikea seems keen to engage the press it its plans and progress with today’s announcement and a meeting scheduled for September 2nd at which the Swedes and Loulé council will give a presentation to hacks about the whole Ikea Loulé project.

The project now has a name, albeit a forgettable one, as the Complexo Comercial do Algarve, (Algarve Shopping Complex) starts to be built.

Many locals are keen to have an Ikea store in the Algarve, the nearest for most being near Seville over the border, but may be shocked at the extent of the overall project size with the inclusion of an 1.7 hectare Outlet Village to be managed by an Austrian company ‘ROS Retail Outlet Shopping,’ as well as a two floor, 4 hectare shopping centre, a recreation zone and a free car park with capacity for 3,700 vehicles.

 

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Comments  

0 #4 Jpires 2016-03-26 07:31
I have been waiting years to refit kitchen, what's available at the moment is ugly. Cheap looking expensive fitments hurry up ikea give us an opening date
+2 #3 Linen etc 2015-08-04 22:48
I believe IKEA will add great value to the Algarve but not a 1.7 hectare shopping village and a 2 floor shopping centre. Our company is a very competitively priced with great quality products, IKEA is an international business with incredible buying power, we have positioned our business well enough to be competitive and different. I think it is ludicrous to consider that many of the independent companies in the Algarve can achieve the buying power of an IKEA. But most will businesses will survive with an IKEA but 200 new shops in the Algarve is ridiculous.
+5 #2 Joao Martins 2015-08-04 14:46
Hey Mr Booker, your statement is utter rubbish, living in the Algarve is like living in the dark ages, i have properties i need to furnish and maintain and i'm always being ripped off (why) because there is no competition, yesterday i had to buy a small brass elbow for a new stove, i had to pay €5 for a part that should cost no more than €1.50 so i asked the lady why was it so expensive, because it's brass she said, what rubbish, i sincerely hope all these small shops go broke and disappear out of existence, i have no pity for any of them, at least all these Chinese shops are giving them a run for their money, that part i paid €5 for in Quarteira costs €2 in Lisbon and about €1.80 in Porto, so before all you bleeding hearts start preaching your ethics, tell it to someone who cares,, i don't, IKEA please open soon, i need you.
+5 #1 Peter Booker 2015-08-04 09:30
In a country which will have a continuing unemployment problem over the next 20 years because of irresponsible government debt, I think that IKEA shows remarkable faith in its future in the Algarve. But ordinary shopkeepers are unfortunately like turkeys heading for Christmas. With these vast new shopping centres and hypermarkets, the shopkeeper cannot survive. A regrettable fact of modern life.

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