Ingka Centers acquired the retail podium in the iconic Aura building in downtown Toronto in early 2021 making it our first asset in Canada. Located in the highly connected and bustling Yonge Street, at the base of the well-known mixed-use Aura high-rise, the Aura Retail Podium comprises 12,270 m2 of gross leasable area across 3-floors. IKEA City Toronto Downtown Store opened in May 2022 and is one of the 7 tenants in the building.

The IKEA City Store is an affordable and accessible destination for Toronto residents looking for the IKEA experience closer to home. It is similar to the traditional store that customers are accustomed to, just at a smaller size and designed to fit the urban fabric of the neighborhood. It will offer a unique new food concept and an array of services to support a seamless shopping experience.