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PREIT: Matching Mall And Grocer
Turns out, malls and grocers were made for each other.
A few years ago, Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) renovated Plymouth Meeting Mall in Philadelphia’s northwestern suburbs.
The renovation replaced an old Ikea on the site with a lifestyle component called Plymouth Meeting Mall’s Plaza Shops, which leads customers to the mall entrance.
PREIT brought in a 65,000-sq.-ft. Whole Foods Market as the anchor.
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Ikea acquires Irish wind farm to power locations in Ireland
New York -- Swedish retailer Ikea has bought a wind farm in Ireland to power its furniture stores in Dublin and Belfast, according to a report by the Belfast Telegraph.
The Irish facility’s four turbines are expected to generate 25,000 megawatt-hours (MWh) of electricity and bring the total number of Ikea-owned windmills to more than 100 in the U.K., Germany, France, Poland, Denmark and Sweden.
