The acquired properties, three in each city, have an occupancy rate of 94 percent and the total rental value is SEK 88 million. The largest tenants are the Swedish Social Insurance Agency, the Swedish Public Employment Service and Telia Sweden AB. Of the rental income, 45 percent is derived from publicly funded tenants and the average lease term is approximately three years. The transaction takes place through the acquisition of existing companies where no deduction for latent taxes is made, and it is financed through new loans and own funds. The transaction will be reported in the fourth quarter of 2024. The seller is Nyfosa.

"The timing is just right to make this type of investment as we see opportunities for growth in a stronger economic environment. The properties offer great potential for value creation through renegotiation, leasing of vacancies, and energy efficiency improvements. We are complementing our portfolio with six well-managed properties that strengthen our market-leading position and our offering," says Annie Franzon, Chief Transaction Officer, Diös.

“Through this divestment we will release capital for new investments, with the purpose to strengthen Nyfosa’s cash flow and earnings," comments Stina Lindh Hök, CEO of Nyfosa.

Diös acquires the following properties:

Gävle: Norr 12:5, Norr 25:5, Söder 18:19

Luleå: Haren 15, Hermelinen 15, Spiggen 4

The transaction is subject to approval from the Swedish Inspectorate for Strategic Products.