What:  Ikea is considering purchasing a high profile building in one of the most efficient locations in the world.

Why it is important:  Even though Ikea decided to put a stop to its expansion in city centres through large stores (as shown with the cancellation of its latest large operation in West Sussex), it seems that the opportunity is to good to let it go. Interestingly, it might lead to the sharing of the space with 2 existing tenants, Nike and Vans.

Ikea is reported to be in talks with Apollo Global Management to acquire the former Topshop flagship in Oxford Street, which would give to the Swedish DYI operator a significant visibility and footprint in one of Europe’s busiest shopping street.

So far, Ikea boasts 2 big box concepts outside London and a series of smaller city centre stores, including its planning studio in Tottenham Court Central. Nike and Vans also have stores in the building located 214 Oxford Street, but will not need to exit if Ikea proceeds with the purchase.

Ikea in talks to buy former Topshop flagship store