The properties contains of 81 per cent commercial area and 19 per cent residential. The number of tenants totals 322 whereas the three largest are Com Hem AB, Länsförsäkringar Västernorrland AB and Municipality of Härnösand. The annual rental income amounts to MSEK 47 (€5M) and the vacancy rate is 14 per cent. After this sale, Diös Fastigheter has no real estates in Härnösand.

“We are very happy that there are local companies buying. Their knowledge around both Härnösand and also the properties gives them best condition to further develop this portfolio. The sale will lead to a more concentrated property portfolio and enable us to be more effective”, says Knut Rost, CEO Diös Fastigheter.

“It's both exciting and a great honour that we, together with our partner Landsorten Invest, acquired this portfolio in our local market. It has been our strategy to increase our property portfolio and become a stronger actor in property management and development. We are now facing a stimulating challenge and a great responsibility to manage and develop these properties further”, says Emil Westerlind, incoming CEO and co-owner.

Newsec has been advisor in the transaction.

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth areas in northern Sweden. With a market value of SEK 12.6 billion (€1,4 billion), a portfolio of 351 properties and a lettable area of 1.422 sqm, the company´s vision is to be the most active and sought-after landlord in our market.