MANILA – (UPDATED) A huge structure featuring the signature blue and yellow colors of the Swedish furniture brand IKEA has been spotted in the Philippines.

The Philippine Star columnist Pepper Teehankee posted a photo of an unnamed blue and yellow building in Cabuyao, Laguna, asking his Instagram followers if it could be the country’s first IKEA store.

“The Swedish ambassador confirmed that IKEA will soon be opening in the Philippines. Could this be the secret IKEA Philippines location in Cabuyao, Laguna?” he said in an Instagram post on Wednesday.

A post shared by Pepper Teehankee (@pepperteehankee) on Aug 30, 2017 at 1:05am PDT

Netizens had mixed reactions as some believe that it is indeed an IKEA store, while others said the structure is owned by the online shopping company Lazada.

On Thursday, Lazada Philippines co-founder and CEO Inanc Balci put an end to the speculation, saying that the so-called IKEA store is the company's new warehouse.

“Nope, it’s Lazada’s fourth new warehouse. Not kidding!” he wrote in a Facebook post.

Balci went on to assure the public that Lazada also sells IKEA products.

It was reported in July last year that IKEA, known for its ready-to-assemble furniture and Swedish meatballs, will open in the Philippines.