Logistea has signed a green 12-year lease agreement with Granngården regarding 2,500 sq.m. of retail space within the property Partille Lexby 11:242 (the “Property”), which is currently vacant. The annual base rent, excluding rent supplements, amounts to approximately SEK 3.5 million. The tenant pays for all operating costs within the premises.
Logistea has also signed a green 10-year lease agreement with Elon regarding 1,545 sq.m. of retail area within the Property, which is currently vacant. The annual base rent, excluding rent supplements, amounts to approximately SEK 1.6 million. The tenant pays for all operating costs within the premises.
Logistea has further prolonged the existing lease agreement with Elgiganten for 3,051 sq.m. of retail area within the Property for five years until 31 October 2031.
With the new lettings and the prolongation with Elgiganten, Logistea has refined the Property from a former warehouse and logistics property to a retail property. The lettings represent a total annual rent increase of approximately SEK 5.1 million.
"We look forward to establishing our 103rd store in Partille and getting even closer to both new and existing customers in the region. Granngården is in an expansive phase and Partille is an area we have followed for a long time. There is a strong and growing market here, with many who share our interest in a safe and caring life with animals, gardens and cultivation. The new store will be a modern and spacious destination with a wide, inspiring range for both private individuals and entrepreneurs. To further strengthen our service offering, we will also invest in a dog grooming in the store", says André Fredriksson, Property Manager, Granngården
"We are very excited about this opportunity. The trade in Partille is growing and we look forward to opening a one-stop-shop to be able to offer our customers everything in consumer electronics. We believe the house can become a real destination in eastern Gothenburg," says Sebastian Brorsson at Elon.
"We are pleased to continue our operations in Partille. Our store is an important part of our network and we look forward to offering customers a modernized and upgraded store environment. The prolongation is a testament to our long-term commitment to the area," says Annika Schönefeld, Head of Real Estate Elgiganten.
"We are very pleased to welcome Granngården and Elon as new tenants and at the same time extend our long-standing collaboration with Elgiganten. Together, these lettings create a strong and attractive retail destination in Partille, strengthen Logistea's occupancy rate and earnings and demonstrate the quality and good location of the property. We look forward to the continued collaboration with the tenants," says William Bengtsson, leasing manager at Logistea.
