Swedish furniture giant Ikea plans to invest heavily in student accommodation in the Netherlands and hopes to sign a deal for an initial 200-room complex before the end of this year, the Volkskrant reports on Thursday.

Ikea has signed an exclusive agreement with student housing group Duwo and is currently in talks about developments in a number of cities, Harald Müller, head of Ikea’s property arm, told the paper.
According to Duwo there will be a shortage of some 20,000 student rooms by 2015. ‘We are focusing on Amsterdam and Delft, where demand is strongest,’ Duwo director Jan Benschop told the paper. Duwo operates in those two cities plus Leiden and The Hague.
Ikea is also looking at developing budget design hotels in the Netherlands, Britain and Poland.
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