Login Register

Ikea tight-lipped on when it will open its multi-million new Exeter store

By Exeter Express and Echo  |  Posted: March 15, 2014


Comments (0)

Ikea has said it is too early to say when it will open its multi-million pound new Exeter store.

The Swedish furniture giant has planning permission to build the store near Sandy park.

But bosses are remaining tight-lipped about when it is aiming to open.

An Ikea spokesman said: "We are delighted that Exeter City Council supported our outline planning application for an IKEA store.

Related content

"However, it is far too early to discuss timescales for development or an opening date.

"The next step is to develop detailed plans for the store before submitting these for final approval later in the year."

A briefing report drawn up by planning officers, using information supplied by Ikea, revealed that the Exeter store is likely to divert around £14 million worth of trade from its Bristol outlet and ring up around £1 million a week on its tills within a few years of opening.

The recently published planning report reveals, however, that the store will be turning over an annual £52 million by 2018 and will pump almost £20 million into the local retail economy every year, by attracting shoppers from across the Westcountry into Exeter.

It is also claimed that the scale of the jobs created by the store could lead to a 20 per cent reduction in the number of people looking for work in the city.

The development will be built at the edge of the city, close to Exeter Chiefs’ home ground, Sandy Park, and also includes plans for up to 220 new homes.

Read more from Exeter Express and Echo

Do you have something to say? Leave your comment here...

max 4000 characters