Ingka Centres Proposes Over SEK 5 Billion Mixed-Use Development in Kungens Kurva

Ingka Centres has submitted an application to Huddinge Municipality in the Stockholm region to amend the detailed development plan for the Kurvan 2 and Kurvan 5 properties in Kungens Kurva, the firm announced Oct. 21. The proposal seeks an increase of approximately 65,000 square metres in permitted gross floor area (BTA) and would physically connect the currently separate Livli Kungens Kurva meeting place and the IKEA Kungens Kurva store. Based on current plans, the projected total investment is more than SEK 5 billion.

The final investment amount will depend on the building rights granted and future investment decisions, according to Ingka Centres.

Ingka Centres Seeks to Connect Livli Kungens Kurva and IKEA

A central element of the proposal is a physical link between Livli Kungens Kurva, Ingka Centres' meeting place, and the existing IKEA store. The additional floor area is equivalent to about 699,700 square feet. The concept includes replacing a parking structure with a new building of roughly 65,000 square metres that would link the IKEA store and Livli, with restaurants, a cinema, shopping and social areas.

Ingka Centres said the ambition is to help develop Kungens Kurva from a destination mainly associated with retail into a place for everyday life, where people can shop, eat, work, meet and spend time. The company said it aims for the development to contribute to more than 2,000 jobs over time, subject to the planning process and future investment decisions.

Plan to Expand Tenant Mix From About 30 to More Than 150 Businesses

Ingka Centres said it intends to grow the offer from approximately 30 shops and grocery stores today to more than 150 businesses over time. The expanded mix would include more restaurants and places to socialise and enjoy experiences. The proposal is intended to give people more reasons to visit Kungens Kurva, stay longer and spend time there throughout the day.

"Kungens Kurva has been an important part of IKEA's history since 1965, and IKEA remains a defining part of the area," said Louise Lundquist, Project Development Manager at Ingka Centres. "Together, Ingka Centres and IKEA see a real opportunity to help shape Kungens Kurva's next chapter. Our ambition is to connect Livli Kungens Kurva with the IKEA store and create a broader mix of shops, food, services and experiences – giving people more reasons to visit, meet and spend time here throughout the day. The final scope will depend on the planning process and the building rights granted."

IKEA has been present in Kungens Kurva since 1965 and serves as the principal anchor of the area. Livli Kungens Kurva was the first Ingka Centres meeting place in Sweden to be rebranded as Livli.

Planning Process and Timeline in Huddinge

The application will proceed through the detailed development plan process in Huddinge Municipality. Ingka Centres said submission is an important planning step but not a final investment decision. The final scope, building rights and investment level will depend on the continued planning process and future decisions, with a final investment decision to be made later.

Huddinge officials view the proposal as consistent with the area's broader vision, which includes thousands of new homes and additional infrastructure. The municipal executive board was expected to consider the planning notice on Oct. 28, 2026. The municipality's planning process could allow completion in the mid-2030s, although timing remains subject to approvals.

The 65,000-square-metre figure represents proposed additional gross floor area rather than confirmed net leasable area, and the final scheme may change during the planning process.

Kungens Kurva Development Reflects Shift Toward Mixed-Use Retail Destinations

The proposal reflects a broader pattern in shopping-centre strategy, in which large retail anchors are supplemented with food, entertainment, services, workplaces and social uses to increase visit duration and reduce dependence on conventional merchandise retail. Kungens Kurva is part of a wider area undergoing change, with new homes and infrastructure developments planned. Ingka Centres said it aims to contribute to a more mixed-use district that brings together retail, restaurants, services, workplaces and experiences, while strengthening the area's role as a destination for people across the Stockholm region.

Ingka Group reported EUR 41.5 billion in revenue for fiscal 2025, down 0.9% year over year, while store visitation rose 1.3%, online visitors grew 4.6% and quantities sold increased 1.6%. The group also reported 320 million visits to its meeting places globally in fiscal 2025, an 18% increase from the prior year. Ingka Centres operates 37 meeting places in 14 markets and works with more than 2,600 brands.

Delivery of the project is potentially more than a decade away, which would expose it to changes in construction costs, interest rates and consumer demand. The success of the expansion would also depend on attracting enough non-IKEA tenants to justify the scale of the new space.

Sources

• Ingka Centres: Ingka Centres has submitted a plan application for development in Kungens Kurva