Ikea made an $82 million land purchase in Hamilton.Ikea made an $82 million land purchase in Hamilton.

Property records show that Ikea Properties Limited acquired 212 Glover Rd. from Paletta International Corporation on July 18, but it is unclear what it will be used for.

Ikea made an $82 million land purchase in Hamilton.

Property records show that the popular Swedish ready-to-assemble furniture company purchased 65 acres of land in Glanbrook.

Transferred on July 18, Ikea acquired the multimillion-dollar property at 212 Glover Rd., near Twenty Road East, from Paletta International Corporation.

It is unclear what the newly acquired land will be used for. Spectator reached out to Ikea for comment.

Currently, the closest Ikea store available to Hamiltonians is on Plains Road East in Burlington.

In 2013, the Burlington City Council approved the rezoning to allow the company to proceed with plans to more than double the size of its property, moving to a 10-hectare site on North Service Road and Walker’s Line, where they expected attract more than 1.5 million visitors a year.

But Ikea abandoned that plan in early 2014 due to a “huge myriad of issues” and stuck with its current location.

Burlington’s Plains Road location has been around since 1991.

In 2017, former Ikea Canada president Marsha Smith said the company’s Canadian operation, based in Burlington, planned to double its presence and expand to 24 locations by 2025.

There are currently 15 Ikea stores across Canada, including the newest addition in downtown Toronto. According to its website, the company also has more than 25 “pickup points”, including Kitchener, London and St. Catharines, where shoppers can pick up their orders online. It also has a handful of “design studios” where people can meet with Ikea planners to get quotes and order products.

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