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Diös in Östersund

Johan Fryksborn

Johan Fryksborn, Business Area Manager Östersund

The Östersund market

What makes Östersund an attractive city for Diös?

“Östersund has an incredible drive for development, a belief in the future and development potential. The city is the hub of the region and the people here really know how to “live life”. It is a city with a big heart! The fact that Östersund time and again draws the attention of the world in connection with big sporting events has also turned the city into a strong and attractive brand.”

What makes Östersund an attractive city for businesses and retailers?

“There is a genuine will here to work together and businesses find it easy to recruit. The big sports events and high-class gastronomy attract visitors from across the world. Our strength in retailing, tourism as well as industry creates synergies, both in the form of producers such as Hilleberg and Woolpower and in the form of a city centre that remains attractive. The fact that Östersund was named City Centre of the Year 2019 points to a high level of ambition and a will to develop!”

How are you collaborating with other players in the locality?

“We have good relationships with the local authority, local businesses and other property owners. We are engaged in a close dialogue with both public- and private-sector players in our striving to create a safe and living city.”

What were Diös’ focus areas In Östersund in 2019?

“We have, for example, continued to develop Söder through the Söderbo housing project and by creating more tasteful offices in an industrial style. We have also continued to develop Frösö Strand and developed the city centre by introducing new tenants and concepts.”

What will you be doing in 2020 and going forward?

“By far our largest project, the development of the GIII block (“the bus station square”), will really get going. We are creating an entirely new block with restaurants, offices, apartments, a hotel and meeting places. We will also continue to work on increasing the density of services on Prästgatan. We are doing so by lowering the threshold for new business openings and thus creating exciting and diverse content. New service providers will open up shop in the Söder district and we are preparing the ground for further new housing.”

So derboe

Finalized Projects

Type of project New construction
Property Kräftan 8
Type of premises Residentials
Tenant Private
Investment, SEKm 147
Leasable area. Sq.m 4,184
Start of construction Q2 2019
Estimated completion Q4 2020
Environmental category Nordic Swan Ecolable

Market Rents and Yield

Source: Pangea Research - The figures refer to the average for properties in prime locations.

Rent, SEK/sq.m Yield, %
Office 1,650 6.00
Retail 2,400 6.00
Residential 1,717 3.75