The company was founded as in 1972, when a shopping centre named Birsta City was built next to an
IKEA store in
Sundsvall,
Sweden which opened a few years prior in 1969. In 2002 and 2014 respectively, the
IKEA Group began opening shopping centres in
China and
Russia under the Livat and
MEGA brands respectively. In 2015,
Ikano sold its 51% stake of the company to the IKEA Group, IKANO Retail Centres, alongside the Livat and MEGA centres, were unified under the IKEA Centres group. Originally, the company built and developed its own shopping centres, this changed in 2020 when they acquired a building in
San Francisco and the
Kings Mall in
Hammersmith, the latter was rebranded under the Livat brand, making this the first centre outside of China to adopt the name. Both acquired properties became home to a concept IKEA store called IKEA City. INGKA Centres announced in December 2021 that it would open two malls, anchored by IKEA stores, in
Gurugram and
Noida in India at a cost of around . Both malls are expected to open by 2025. Following the invasion of
Ukraine, INGKA Centres halted retail operations in Russia and in September 2023 sold all its MEGA Centres to Gazprombank Group. In 2026, INGKA Centres made a deal with GoHigh Capital to sell some of its interest in its Livat centres in China, INGKA Centres would still co-own and manage the centres. == List of locations ==