Ikea owner Ingka buys Cypress Hill Forest in Tararua district deal
AI Summary
Ikea's parent company, Ingka, has acquired the 521-hectare Cypress Hill Forest located in the Tararua district of New Zealand. This purchase expands Ingka's real estate portfolio in the country, reflecting its strategic investment in land.
The 521ha Cypress Hill Forest boosts Ingka's New Zealand estate.