Swedish real estate firm SLP has signed an agreement with the Beulco Group, extending and expanding the existing lease for properties in Helsingborg. The family-owned company, Beulco Holding, has operated in the properties since 1988. The extension includes a new construction of approximately 1,000 square meters, increasing the total lettable area to 5,300 square meters. The annual rent after the extension amounts to SEK 4.8 million, fully indexed.
SLP’s CEO, Peter Strand, expressed his pleasure that Beulco Group chose to extend the existing lease for seven years until the end of 2032. It aligns with the company’s strategy to develop existing properties and offer tenants expansion opportunities. The extension is expected to complete in the first quarter of 2024.
Beulco Group CEO, Mats Sjöström, acknowledged the benefits of extending the lease, stating, “We share a genuine interest and commitment to our customers with SLP, and with a larger area at the same address, we can invest in continued growth.”
Expanding the Lease Agreement
SLP’s Beulco Holding lease agreement includes two properties in Helsingborg. The extension will add a new construction of around 1,000 square meters, expanding the lettable area to 5,300 square meters. The expansion project is expected to complete in Q1 of 2024.
CEO Peter Strand commented on the importance of developing existing properties and providing opportunities for tenants to expand. The extension provides a flexible solution that enables businesses like Beulco to grow within the same address.
Beulco Group’s Success
Beulco Holding is a family-owned company specializing in plumbing solutions, serving the Scandinavian market since 1988. Their success is based on a genuine interest and commitment to their customers, which aligns with SLP’s flexible and fast-paced approach.
CEO Mats Sjöström expressed satisfaction with the lease extension, stating that a larger area at the same address would enable continued growth.
Ensuring Future Growth
SLP’s strategy to develop existing properties aligns with their vision for future growth. The company plans to provide flexible solutions and support tenants with opportunities to expand. The lease agreement extension with Beulco Group demonstrates SLP’s commitment to their tenants’ success.
Conclusion
SLP’s lease agreement extension with the Beulco Group will see a new construction of 1,000 square meters, expanding the lettable area to 5,300 square meters. CEO Peter Strand expressed his pleasure that Beulco Group has extended their lease by seven years until 2032. Beulco Group CEO, Mats Sjöström, acknowledged the benefits of the extension, which aligns with their genuine interest and commitment to customers.
