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Diös in Sundsvall

Anna Dahlgren

Anna Dahlgren, Business Area Manager Sundsvall

The Sundsvall market

What makes Sundsvall an attractive city for Diös?

“Sundsvall is in a fantastic location in the centre of Sweden. Around 200,000 people live and work in the region and the proximity to Stockholm creates opportunities for growth. House building has really taken off, but there is a lot still to do. Our city centre, Stenstaden, has an unexploited potential for which the proximity of the university is the key. All this coupled with the local authority’s and Transport Administration’s major infrastructure projects encourage us to continue to invest in Sundsvall.”

What makes Sundsvall an attractive city for businesses and retailers?

“The fact that things are really moving in the city. We are building a hotel and new housing and developing our central properties. The local authority is making big investments in trains, roads and a completely new travel hub. Sundsvall has many big employers and it is precisely the mix of the university, government agencies and private businesses that is attracting tomorrow’s workers.”

How are you collaborating with other players in the locality?

“We have a very good partnership with the local authority, university and local businesses. Several property owners in Sundsvall have teamed up to form an economic association which together with local retailers owns the city’s urban development company. The company will be driving important development issues, for Sundsvall at large and for the city centre.”

What were Diös’ focus areas in 2019?

“A major event in 2019 was the turning of the first sod on our new city block. The new block will link up the hotel with Stenstaden. Two exciting elements of the new block are the Naturaj restaurant, which is run by Chef of the Year 2017 Johan Backeus, and our new PickPackPost concept, a modern parcel collection point in the middle of the shopping centre. The Metropol business centre was updated during the year into a modern office building with a new restaurant, gym and nursery. House Be, a co-working concept, has also established a presence there.”

What will you be doing in 2020 and going forward?

“We are continuing to build the new city block. The hotel is starting to take shape and it will be hugely exciting to see it emerge. We have also continued to increase density by creating more apartments in the centre. To maintain and increase the flow of people in the city, we will be developing PickPackPost and establishing other exciting new concepts that will expand the services available to residents. We have also continued to develop new co-working spaces in Stenstaden, to meet demand from our customers. Together with our tenants and partners, we want to continue our efforts to make Sundsvall into one of Sweden’s most inspiring cities.”

Hotel Sundsvall

Ongoing Projects

Type of project New construction
Property Noten 9
Type of premises Hotel
Tenant Nordic Choice Hotels
Investment, SEKm 444
Leasable area. Sq.m 14,350
Start of construction Q1 2019
Estimated completion Q2 2021
Environmental category BREEAM SE, Very good

Market Rents and Yield

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

Rent, SEK/sq.m Yield, %
Office 2,000 5.00
Retail 3,500 6.00
Residential 1,825 3.50