Diös Fastigheter

Image: One of the buildings on the property Stadsliden 3:10

The acquired portfolio consists of Umestan's business park and two other office properties with a total occupancy rate of 96 percent. The rental value amounts to SEK 134 million and the initial property yield is 6.0 percent. The largest tenants are Sweco, AFRY, Nordic Biomarker, Umeå Municipality and the National Police Board, which account for 37 percent of the total rental value. The transaction is made through acquisitions of existing companies with customary deduction for deferred tax of 5.15 percent and is financed through new loans and existing funds.

Umeå is Norrland's largest city and the fastest growing city in Sweden in terms of population over the past 75 years. The city has a well-diversified labour market and a strong university, which creates good conditions for continued growth and profitable property management.

With the transaction, Lerstenen divests most of its commercial property portfolio and will focus on the development and management of rental housing in Umeå. They currently own 1,300 residentials in Umeå and have about 250 under development. The portfolio that is being divested has been jointly owned with the company Cinox in a minority.

In accordance with the 2024 Annual General Meeting, Diös will transfer 354,218 own shares to the seller in connection with the announcement of the acquisition at a price of SEK 67 per share. After the transfer, Diös does not hold any own shares. The purpose of the transaction is to assist the seller in an efficient manner becoming a shareholder in Diös.

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

"The acquisition broadens our offering in Umeå and strengthens our position in northern Sweden's fastest growing market. We are increasing our profit from property management per share by approximately 4 per cent, while at the same time we see both economies of scale and good development potential in the portfolio. The transaction market has really taken off and we have several advanced discussions on both the sell and buy side. This type of acquisition opportunity rarely comes, so we therefore accept a temporary increase in the loan-to-value ratio," says David Carlsson, CEO, Diös. 

"This is a large and structurally important deal for us. We have owned Umestan for 13 years and are very pleased and proud of how we have worked with the business park. Now we feel that we have found the right time, the right price and the right buyer for a deal, where all three points have been equally decisive. Diös is the perfect buyer and the right company to continue developing the properties. The fact that we are now becoming a shareholder in Diös feels absolutely right and we strongly believe in the commercial rental market in northern Sweden. We feel that the time is right for Lerstenen to focus on the development and management of residentials and the capital we are now freeing up will primarily be invested in new residentials in Umeå," says Erik Sällström, CEO, Lerstenen. 

The properties in the transaction: Stadsliden 3:10, Lantbon 15 and Masen 9. 

For further information, please contact:

David Carlsson, CEO, Diös
Phone: 010-470 95 01
E-mail: david.carlsson@dios.se

Erik Sällström, CEO, Lerstenen
Phone: 070-602 74 42
E-mail: erik@lerstenen.se

This information is information that Diös Fastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person set out above, at 08:50 CET on March 17, 2025. 

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth cities. With a property value of SEK 31.4 billion, a portfolio of 323 properties and a leasable area of 1,580 thousand sq.m., the vision is to create Sweden's most inspiring cities. The market stretches from Borlänge to Luleå with headquarters in Östersund. Since its inception in 2005, the company has had continuous growth in the value of its property portfolio and the share is listed on Nasdaq OMX Stockholm, Mid Cap. Read more about Diös on www.dios.se

Diös Fastigheter AB (publ), Box 188, 831 22 Östersund | Phone: +46 770-33 22 00, info@dios.se, www.dios.se | Org.nr: 556501-1771