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GDI has offered $143 million for the Ikea store located on Sunray Drive, Innaloo. Photo: Attila Csaszar

GDI in $143m bid for Perth’s IKEA store

Sydney-based GDI Property Group has set its sights on Perth’s IKEA complex in a conditional deal worth $143.5 million.

The ASX-listed fund management company announced last Friday that it had exchanged a conditional contract to acquire the 27,077 square metre retail store in Innaloo, which also includes a further 2,933sqm of accommodation over four peripheral retail units leased to multiple tenants.

The sale is subject to a number of conditions, largely Ikea’s right of first refusal and the vendor’s unitholder approval.

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