Diös Fastigheter

The properties, centrally located in Åre, have an annual rental value of SEK 68 million and an occupancy rate of 98 percent. Retail and restaurant tenants account for 42 percent of the rental value, with the largest tenants in the portfolio being ICA, Coop, the Swedish Police Authority, and Region Jämtland Härjedalen. The transaction is carried out in corporate form and includes a market-based deduction for deferred tax liability, resulting in a reversal of deferred tax of approximately SEK 39 million. After the transaction, Diös will no longer own any properties in Åre.

“We have developed the portfolio in recent years through ongoing investments and achieved a high occupancy rate. Since the portfolio is relatively small, the margin—i.e., the surplus ratio—is low. To achieve further management efficiency, economies of scale are required, which Tagehus will now benefit from. We are pleased that they are taking over our portfolio and are confident they will maintain good relationships with our tenants and continue to drive Åre’s development forward,” says David Carlsson, CEO of Diös.

"We are very pleased to acquire this portfolio of commercial properties in Åre. The portfolio complements our existing residential holdings well, provides us with new development opportunities, and strengthens Tagehus' long-term presence in the municipality," says Johan Ljungberg, CEO, Tagehus Holding.

The divestment frees up capital for value-creating investments and acquisitions. At the company level, the occupancy rate is affected by -0.2 percentage points, the surplus ratio by +0.3 percentage points, and the loan-to-value ratio (LTV) by -0.9 percentage points.

The transaction is subject to approval by the Swedish Inspectorate of Strategic Products (ISP). The properties involved are: Mörviken 1:107, Mörviken 2:102, Mörviken 2:91, Totten 1:68, Åre Prästbord 1:76, and Åre Prästbord 1:37.

Colliers has acted as advisor to Diös in the process.

For further information please contact:

David Carlsson, CEO, Diös
Phone: +46 (0)10-470 95 01
E-mail: david.carlsson@dios.se

Olof Nord, COO, Tagehus Holding
E-mail: olof.nord@tagehus.se