What Dios Fastigheter does

Diös Fastigheter AB (publ) is a Swedish publicly listed real estate company that develops, owns, and manages commercial and residential properties across nine growth cities in northern Sweden (Luleå, Skellefteå, Umeå, Östersund, Sundsvall, Gävle, Mora, Falun, Borlänge). Headquartered in Östersund, the company operates a SEK 32.7 billion property portfolio with 90% economic occupancy, generating Q1 2026 rental income of SEK 663 million and reaching a record operating surplus of SEK 1,711 million in 2023. Its three core product lines are commercial property rental (offices, retail, restaurants in central locations), residential rental (apartments offered through the Mina Sidor digital portal), and shopping center management (nine retail galleries across its city portfolio).

The company's platform is built on a regional consolidation strategy that has progressively concentrated its portfolio in northern Sweden's "15-minute cities" since the 2005 acquisition of 36 properties from AP Fastigheter. Technology infrastructure includes the Mina Sidor tenant portal (integrated with Mobilt BankID), a centralized leasing function, and an AI-driven accessibility interface compliant with WCAG 2.1 AA. The company is certified under BREEAM In-Use, Miljöbyggnad Silver, and Svanenmärkt, and has committed to Science Based Targets (SBTi) to halve CO2e emissions by 2030 and reach net zero by 2045, with a target of 55% green properties by 2026. In 2021, Diös issued what it claims to be the world's first green financing framework aligned with the EU taxonomy.

Revenue is generated primarily through monthly recurring rental income from commercial and residential tenants, with pricing negotiated per lease agreement based on property type, size, location, and lease term. The go-to-market motion is direct-to-consumer via nine local offices and a self-serve website, targeting commercial tenants (SMBs, enterprises, government agencies), residential renters, and large enterprise/national retail chains. Anchor government and enterprise tenants include Pensionsmyndigheten, Trafikverket, Polismyndigheten, Länsstyrelsen i Norrbottens län, Clarion Hotel, and AFRY. The company pursued growth through acquisitions (SEK 940 million in Luleå and Gävle in 2024) alongside active portfolio optimization (SEK 290 million in non-core divestments and SEK 200 million in share buybacks in Q1 2026).

Name

Dios Fastigheter

Legal name

Diös Fastigheter AB (publ)

Website

https://dios.se

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Diös Fastigheter AB is a Swedish public real estate company that owns, develops, and manages a SEK 32.7 billion portfolio of commercial and residential properties across nine growth cities in northern Sweden, serving commercial tenants, government agencies, and residential renters via nine local offices.

Ownership category

akta.pro rank

Headquarters

HQ city

Östersund

HQ country

Sweden

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Commercial and Residential Rental Income: Diös generates revenue primarily through rental income from its property portfolio. As of Q1 2026, the company reported rental income of SEK 663 million with a 90% economic occupancy rate and a property portfolio valued at SEK 32.7 billion.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Diös Fastigheter owns, develops, and rents commercial and residential properties across nine cities in northern Sweden (Luleå, Skellefteå, Umeå, Östersund, Sundsvall, Gävle, Mora, Falun, Borlänge). The company offers modern offices, retail spaces, urban service locations, residential apartments, and manages a portfolio of shopping galleries, with a property portfolio valued at SEK 32.7 billion and 90% economic occupancy.

Product overview

Diös Fastigheter AB is a Swedish property company operating across nine cities in northern Sweden (Luleå, Skellefteå, Umeå, Östersund, Sundsvall, Gävle, Mora, Falun, Borlänge). Its product portfolio consists of three core offerings: (1) commercial property rental — modern offices and urban service spaces (retail, restaurants, cafés) in central locations across all nine cities, (2) residential rental — apartments in mixed-use properties also offered via the digital 'Mina Sidor' tenant portal, and (3) shopping center management — nine retail galleries and shopping centers under brands like Falan Galleria, MVG Galleria, and In:Gallerian. Supporting these are sub-products including building and development projects (new construction and conversions for offices, hotels, and housing), green lease agreements aligned with sustainability certification standards (BREEAM In-Use), the Diös Academy internal training platform, and a centralized leasing function. Diös pursues urban development through its city expansion strategy, concentrating its property portfolio in 15-minute cities with mixed-use buildings that combine commercial, residential, and retail functions.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Rental (Kontors- och lokallösningar) Rental of commercial premises including modern offices, retail spaces, restaurants, cafes, and urban service locations across nine cities in northern Sweden, targeting central locations in 15-minute cities. Serves SMBs, enterprises, government agencies, and national chains.
• Residential Rental (Bostäder) Rental apartments across nine cities in northern Sweden, available via the 'Mina Sidor' platform on a first-come-first-served ('först till kvarn') basis with no queue or points system. Targeted at individual renters seeking central urban housing.
• Shopping Centers / Retail Galleries (Gallerior och handelsplatser) Owns and manages multiple retail galleries and shopping centers across the city portfolio, including Bergströms Galleria (Falun), Falan Galleria (Falun), Flanör (Gävle), MVG Galleria (Umeå), Vintergatan Galleria (Skellefteå), Strand Galleria (Luleå), Smedjan Galleria (Luleå), In:Gallerian (Sundsvall), and Kärnan (Östersund).
• Building & Development Projects (Byggprojekt) Development of new construction and conversion projects including offices, residential buildings, hotels, and mixed-use properties. Ongoing projects include Västra Stranden in Luleå, new housing in Sundsvall's Stenstan, Kvarteret Vale in Umeå, and Magasinen area in Gävle.
• Urban Service Spaces (Lokaler för urban service) Commercial premises designed for urban services including shops, restaurants, and cafés positioned in city centers to create vibrant urban districts with dynamic content and synergies between tenants. Targeted at retail, hospitality, and service operators.
• Mina Sidor (Tenant Portal) A digital tenant portal available to both residential and commercial tenants, offering service requests, invoice viewing, contract management, and area news. Residential tenants log in with BankID or password; commercial tenants use assigned 6-digit usernames.

Quantifiable outcome

• 90% economic occupancy rate maintained consistently
• +5 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Partnerships

Eight partnerships are on record, tiered minor and core.

• Sweco ArchitectsminorStrategic or Co-development Partner · 25 November 2021Diös collaborated with Sweco Architects to produce the report 'Framtidens kontor i mellanstora svenska städer' (Future offices in mid-sized Swedish cities), examining demand for modern offices in northern Swedish growth cities.
• Global Compact (UN)coreStrategic or Co-development Partner · 30 June 2021Diös is a signatory to the UN Global Compact and follows its ten principles regarding human rights, labor, environment, and anti-corruption. The company's sustainability strategy is aligned with Global Compact principles and the SDGs.
• JämtkraftminorOthers · 30 June 2021Diös purchases electricity exclusively from renewable sources through Jämtkraft, with certificates for renewable electricity provided for 2025 and 2026.
• Science Based Targets initiative (SBTi)coreStrategic or Co-development PartnerDiös has committed to the SBTi to halve its CO2e emissions by 2030 compared to 2018, with a net-zero target by 2045 at the latest. This commitment guides the company's climate transition strategy.
• FastighetsägarnaminorOthersDiös is a member of Fastighetsägarna, the Swedish property owners' association, which provides industry advocacy, benchmarking, and best practice frameworks for property management and tenant relations.
• Navet Analytics / Quilt.aiminorStrategic or Co-development PartnerDiös partnered with Navet Analytics and Quilt.ai to conduct an AI study on the role of the office in a hybrid work world, published in 2024. The study analyzed 10,800 social media posts and approximately 2.1 million Google searches.
• Wihlborgs and FabegeminorStrategic or Co-development PartnerDiös collaborated with Wihlborgs and Fabege (all Swedish real estate companies) on the AI study about hybrid work and the future of offices. This was the third study in a series on how attitudes toward offices have evolved.
• Aimo ParkminorOthersAimo Park manages parking solutions for Diös properties in Östersund, Borlänge, Skellefteå, and Sundsvall, providing car parking facilities for tenants.

Scale indicators11 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• Wallenstam: Wallenstam is a Swedish listed real estate company developing and managing residential and commercial properties primarily in Stockholm and Gothenburg. Comparable to Diös as a Swedish developer-operator combining residential and commercial real estate in growth urban markets.
• Fabege: Fabege is a Stockholm-focused office and urban development property company listed on Nasdaq Stockholm. It is comparable to Diös as a peer in the Swedish commercial real estate sector and has co-authored research studies with Diös on hybrid work.
• Hufvudstaden: Hufvudstaden is a Swedish premium listed real estate company owning and managing prime commercial properties, primarily in central Stockholm. Comparable to Diös as a publicly listed Swedish commercial real estate owner-operator, though focused on premium CBD properties.
• Stena Fastigheter: Stena Fastigheter is a major Swedish private real estate company focused on residential and commercial properties in growth regions. Comparable to Diös in its mix of residential and commercial holdings and its regional Swedish focus, though privately held.
• Balder: Balder is one of Sweden's largest listed real estate companies with a SEK 200B+ portfolio of residential and commercial properties across Sweden and internationally. It is comparable as a Swedish publicly listed real estate operator with both residential and commercial exposure, though at much larger scale than Diös.
• Castellum: Castellum is one of Sweden's largest listed commercial property companies with a SEK 100B+ portfolio across Sweden and Denmark. It is directly comparable to Diös as a Swedish commercial real estate operator and was actually the seller of Norrporten assets that Diös acquired in 2017.

Direct peers

• Wihlborgs Fastigheter: Wihlborgs is a Swedish listed real estate company focused on commercial properties in the Öresund region (Malmö, Lund, Copenhagen, Helsingborg). It shares Diös's model of owning and managing commercial real estate in regional Swedish growth cities and has even co-published research with Diös.
• Nyfosa: Nyfosa is a Swedish listed real estate company focused on commercial properties in growth regions across Sweden and the Nordics. Directly comparable to Diös as a transactionally active, growth-region-focused commercial real estate company of similar scale.

Others

• Catena: Catena is a Swedish listed real estate company focused on logistics and warehouse properties. Comparable as a Swedish listed real estate peer operating regional portfolios, though in a different sub-sector (logistics versus Diös's commercial/residential mix).

Emerging players

• K2A Knaust & Andersson: K2A is a Swedish listed real estate company focused on sustainable residential properties in growth regions. Comparable to Diös's residential rental segment and its focus on sustainability certification (Svanenmärkt, EU taxonomy alignment).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/dios-fastigheter

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dios Fastigheter