Cooperation between Lehto and NREP continues: Expansion work begins at the Bredis retail park in Laajalahti, Espoo

Lehto Group Plc
Press release
1 June 2020 at 8:00 AM

NREP and Lehto are continuing their cooperation in the development of the Bredis retail park in Laajalahti, Espoo. The second phase of construction will commence at the beginning of June and the expansion will be completed in summer 2021. The expansion will add 7,700 m2 of retail space to the retail park, increasing its floor area to a total of almost 23,000 m2. Lehto also built the first phase of the retail park, which was completed in March 2019. The value of the contract agreement for the expansion is almost EUR 11.8 million.

“The expansion and strong new tenants will bolster the Bredis retail park. It will offer a wider range of services to customers. We’re very pleased to continue our cooperation with Lehto, which went smoothly during the first phase, and complete the entire project with this reliable partner,” says Joonas Lemström, Director, NREP.

“Over the years, NREP and Lehto have often worked closely together on both business premises and apartments. This long-term cooperation has added value to projects and made them run smoothly. For the Bredis expansion, we put our heads together to find a high-quality and cost-effective solution that supports sustainable development – and which will facilitate the business operations of attractive tenants,” says Kimmo Hyry, Area Director, Lehto.

Further information:
Kimmo Hyry, Area Director, Business Premises service area, Lehto Group, tel. +358 (0)400 158 088
Joonas Lemström, Director, NREP, tel. +358 (0)50 327 3493

Background information for the press:

The Bredis retail park is located in Laajalahti, Espoo, in the busy intersection of Sinimäentie and Turveradantie, close to the Turunväylä highway. More than 100,000 people live in its main market area. There are no other comparable retail locations in this area. Bredis caters to the needs of urban living by offering a wide range of services to local residents.