IKEA Australia becomes the owner of its Perth home at Innaloo

IKEA Pty Limited (IKEA Australia) is proud to announce it now officially holds the keys to its Perth home, following the settlement of its purchase of 6 Sunray Drive, Innaloo, Western Australia, from GDI Property Group.

IKEA Australia now owns both the land and buildings for its Perth store, including the four peripheral buildings leased to external tenants.

The investment in owning Perth’s Big Blue Box highlights IKEA’s strong commitment to the Perth community and the wider WA market. It also lays a solid foundation for the continued growth of one of IKEA Australia’s highest-performing stores.

IKEA Australia CEO and Chief Sustainability Officer Mirja Viinanen said, “The success of the Perth market for IKEA Australia has enabled us to invest with confidence and optimism for further growth and development.

“This milestone purchase enables us to build on the deep connection we already have with our Innaloo customers and community and supports us in reaching even more of the many people of Western Australia in the years to come.

“Ownership opens the door to making new improvements to our home, finding efficiencies within our physical space and installing infrastructure to support our omnichannel growth and bold sustainability goals.”

Over the coming months, the IKEA store will consider what upgrades may be possible and necessary in the short and long term, including installation of rooftop solar PV panels, EV chargers on site for delivery vehicles and transitioning to heating and cooling powered by renewable energy to contribute to the lowering of IKEA Australia’s operational climate footprint.

First opened in 2008, IKEA Perth welcomes on average 40,000 customers each week to the Innaloo store, plus another 2,800 customers shopping online and remotely, totalling over 2 million total visitors yearly.

IKEA Perth had the highest sales growth of any IKEA store in Australia in the last year, while at the same time prioritising exceptional customer experience. In FY24, IKEA Perth delivered a 10% increase in volume sold year on year and achieved the highest daily turnover in IKEA Australia’s history. Additionally, IKEA Cannington Plan & order point, open since February 2024, is the best performing Plan & order point in Australia.