Harju Elekter Group signed a lease agreement with Prysmian Group Baltics AS
June 05 2023 - 6:58AM
Harju Elekter Group signed a lease agreement with Prysmian Group
Baltics AS
AS Harju Elekter Group and Prysmian Group Baltics AS signed a
lease agreement on 5 June 2023 until 2030. With the extended lease
agreement, the real estate department of Harju Elekter Group leases
to Prysmian Group Baltics more than 20,000 m² of production,
storage and office space and nearly 40,000 m² of external storage
territory. The contract also agreed on a large-scale renovation and
reconstruction of the premises, the investment cost of which is up
to 3 million euros.
Prysmian Group is a major global company at the
forefront of innovative cable technology and whose shares are
listed on the Milan Stock Exchange. Each year, the Group
manufactures thousands of kilometers of underground
and submarine cables and systems for power transmission
and distribution, as well as medium and low voltage
cables for the construction and infrastructure sectors. The
group operates in 50 countries, 106 plants and 25 research and
development centres and has about 29,000 employees.
The real estate unit of Harju Elekter Group is
engaged in the development of industrial real estate, project
management, leasing, and related services for both rental partners
and Harju Elekter’s own companies. The real estate unit manages a
total of nine industrial parks in Estonia, Finland, Sweden, and
Lithuania.
Harju Elekter is an international industrial
group with extensive experience in providing future proof solutions
for electrical power distribution. We engineer, manufacture, and
install electrification solutions for utilities, industries,
infrastructure, public and commercial buildings. The entities of
Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania
employ around 900 people, and the Group’s revenue in 2022 was 175.3
million euros.
Aron Kuhi-ThalfeldtReal Estate Department Manager/Member of the
Management Board+372 5171448
Prepared by:Marit TackCorporate Communications Manager+372 5340
8444E-mail: marit.tack@harjuelekter.com
Harju Elekter As (LSE:0MDU)
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