IKEA today announced it will build a third store in Marsden Park in Sydney’s north-west. Located 50km from the city in Sydney Business Park, the Marsden Park news comes hot on the heels of the Tempe store opening earlier this month.
Managing Director David Hood said the new Marsden Park development had been months in the planning. At 36,000 square metres, it will be of a similar size to Tempe.
IKEA Marsden Park will be built on a 73,550 square metre site – equivalent to nine football fields. Work on the site will commence in late 2012/early 2013 and it is expected to open in 2014/15.
The launch of this new store is an important step in IKEA making its range available to as many people in Australia as possible. “The north-west corridor has massive potential for IKEA,” said Hood. “As it continues to offer new tranches of land and home releases, we will see an increasing number of families moving in, and this store will make it easy for all of those people to furnish their homes affordably.”
Marsden Park will be the eighth IKEA store in Australia and a cornerstone of the IKEA longer term national expansion plans. It will follow the opening of IKEA Cambellfield in Melbourne’s North, which is scheduled to open in 2014. IKEA Australia (East) has opened two new stores in as many months: Springvale in Melbourne’s south-east and Tempe in Sydney’s south-west.
Customers around the world have embraced the IKEA concept since it launched in 1954. IKEA is the world’s largest home furnishings retailer: at the end of the 2011 financial year there were 325 stores worldwide which welcomed 734 million visitors across 38 countries and employed more than 150,000 people. The turnover for all IKEA stores in the 2011 financial year was almost AU$35 billion.