Diös sells retail and office properties in Sweden for €57m

Swedish property owner and developer Diös is divesting six fully leased retail and office properties in Åre, totalling 31,335 m2, to Tagehus Holding for SEK 660 mln (€57.4 mln).

Åre

The transaction, which is at book value, is expected to close on December 1, 2025.
The centrally located properties in Åre have an annual rental value of SEK 68 mln (€5.9 mln) and a 98% occupancy rate. Retail and restaurant tenants account for 42% of the rental value, with ICA, Coop, the Swedish Police Authority, and Region Jämtland Härjedalen being the largest tenants.
The corporate transaction includes a deduction for deferred tax liability, resulting in a reversal of approximately SEK 39 mln (€3.4 mln). Following this sale, Diös will no longer own any properties in Åre.
This divestment will free up capital for Diös to pursue value-added investments and acquisitions. 
The transaction is contingent upon approval from the Swedish Inspectorate of Strategic Products (ISP). The properties included in the sale are Mörviken 1:107, Mörviken 2:102, Mörviken 2:91, Totten 1:68, Åre Prästbord 1:76, and Åre Prästbord 1:37.
David Carlsson, CEO of Diös, said: “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.” 
Johan Ljungberg, CEO, Tagehus Holding, added: "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." 
Colliers advised Diös during the transaction.