Diös divests a property in Borlänge for SEK 200m
Diös is selling a hotel property in Borlänge with a lettable area of 14,000 sqm, an annual rental value of SEK 13m and an economic letting rate of 98 per cent. The underlying value of the property exceeds the book-value. Midstar Hotels is the purchaser of the property and the transaction will complete on 1 June 2023.
The sold property mostly consists of a hotel, with a small number of homes. Scandic is the largest commercial tenant. This transaction will take place in a company form and the result will be reported in the second quarter of 2023.
“We continue to be active on the transactions market and carry out strategic deals that generate opportunities for growth and development. We are very happy to sell to Midstar Hotels, a company that is focused on hotel properties, and we extend them a warm welcome to Borlänge”, says Annie Franzon, Transactions Manager, Diös.
Midstar Hotels is a property company that is specialised in hotels and has holdings in Sweden, Norway and Denmark. The company aspires to take responsibility for long-term sustainability and profitability for the entire transaction.
“Borlänge is an exciting growth city and our new property fits well in our portfolio. We look forward to continuing to develop the property together with our tenants”, says Marc Henriksen, Partner, Midstar Hotels.
For further information please contact:
Annie Franzon, Transactions Manager, Diös.
Telephone: +46 (0)70-223 20 47
E-mail: annie.franzon@dios.se
Marc Henriksen, Partner, Midstar
Telephone: +46 (0)72-248 11 68
E-mail: marc.henriksen@midstar.se
Peter Tengström, Partner and Managing Director, Midstar
Telephone: +46 (0)70-300 38 20
E-mail: peter.tengstrom@midstar.se
Ola Stendebakken, Partner, Midstar
Telephone: +46 (0)76-830 07 68
E-mail: ola.stendebakken@midstar.com
Diös Fastigheter owns and develops commercial and residential properties in prioritized cities of growth. With a property value of SEK 31 billion, a portfolio of 361 properties and a lettable area of 1,628 thousand sq.m, our vision is to create Sweden’s most inspiring cities. Our market extends from Borlänge to Luleå, and the company’s head office is in Östersund. Since it started in 2005, the company has had continuous growth in the value of its property portfolio and its shares are listed on NASDAQ OMX Stockholm, Large Cap. Find out more about Diös at www.dios.se
Diös Fastigheter AB (publ), Box 188, 831 22 Östersund | Tel: +46 770-33 22 00, info@dios.se, www.dios.se | Org.no: 556501-1771
