Diös and NP3 will carry out an exchange-of-properties transaction in Gävle. Through the transaction, the companies aim to further strengthen their market presence in their respective geographic focus areas. Diös is buying five centrally-located public services properties from NP3, and NP3 is buying 13 industrial and building trade properties from Diös. The transfer of ownership will take place on 3 September 2018.

The five public services properties that Diös will acquire comprise a total lettable area of 17,000 sq.m, and the largest of these properties is a redevelopment project close to Alderholmen that will include new offices for Trafikverket (Swedish Transport Administration). The transfer of ownership for that property will take place during the first quarter of 2019. Other tenants include Migrationsverket (Swedish Migration Agency) and two independent schools. The value of the properties amounts to SEK 300 million.

The total lettable area of the 13 industrial properties that NP3 will acquire is approximately 80,000 sq.m in the Näringen and Sörby Urfjäll areas. The largest tenants are Ahlsells, Trelleborg and Swedol. The value of the properties amounts to SEK 345 million, which correlates with Diös’ most recent valuation.

The transactions will take place as company transactions and the result will be reported in the third quarter of 2018.

- Our strategy is urban development focusing on a portfolio of properties close to city centres. This acquisition strengthens our presence in central Gävle and our opportunities to develop the city centre and our offerings to tenants. The acquisition also brings in a stable cash-flow and long-term tenant relationships, says Lars-Göran Dahl, Head of Business Development, Diös Fastigheter.

- We will increase our returns and we see great potential in the industrial properties we are acquiring. This acquisition complements our existing properties and our business area will grow by 60,000 sq.m, says Andreas Nelvig, CEO NP3 Fastigheter.

Glimstedt law firm has acted as legal advisers to Diös. NP3 has used Newsec as its transaction adviser and and Falkenborn law firm as its legal advisers.

For further information, please contact:

Lars-Göran Dahl, Head of Business Development, Diös Fastigheter
Telephone: +46 (0)10-470 95 04
e-mail: lars-goran.dahl@dios.se

Andreas Nelvig, CEO NP3 Fastigheter
Telephone: +46 (0)70-313 17 98
e-mail: andreas@np3fastigheter.se