umeå’s strongly positive population trend and expanding university are among its primary advantages. Umeå is also strategically located along the E4 motorway at the mouth of the Ume River and one of the country’s largest airports is located just a few kilometres from the city centre. Thanks to the Botnia rail link, a new combiterminal, a new logistics park and a new ring road and extended port, Umeå is strengthening its role as a hub in the Nordic transport system. Umeå is also an active player in discussions involving future infrastructure, environment and energy, etc., that are under way within the framework of a new Norrland region. Current situation <strong>Norrporten</strong>’s properties are located in central Umeå. The property portfolio primarily encompasses offices and stores, but also contains some housing. <strong>Norrporten</strong>’s better known properties include the Thulehuset building near the north foot of the Teg Bridge, a wellknown city landmark, and the MVG shopping mall. Demand for centrally located office space is significant. Umeå is decidedly Properties in Umeå. 18 TEG floor space and rental value Ume älv Storgatan Kungsgatan Market area umeå Category Floor space, 1 000 m 2 % Rental value, EUR M % Office 62.7 70.9 9.3 61.9 Retail 12.7 14.3 3.7 24.8 Housing 4.3 4.9 0.4 2.9 Other 8.7 9.8 1.6 10.3 Total 88.4 100 15.0 100 Manager: Thomas Johansson Number of properties: 16 CITY CENTRE <strong>Norrporten</strong> is planning the development of the Magne block with extensions and new buildings for offices and retail space. a university city as well as an important commercial centre. This city is also well ahead in terms of biotechnology, medicine and information technology. Demand for centrally located retail space is strong. The housing situation is characterised by a shortage of apartments. Future The population of Umeå continues to grow. Since the mid-1970s, the municipality’s population has grown more than any other in Sweden in relative terms. The municipality’s target is to have 200,000 inhabitants by 2040. tenant categories Distribution by rental value, % Government authorities, 20.9 Municipality/cty councils, 1.3 Bank/insurance, 3.7 Retail, 24.8 Housing, 4.0 Other office/retail, 45.2 The Umeå skyline will change over the next few years when major investments are made in a more concentrated city, with new blocks and higher buildings. New buildings for office, residential and retail space, culture, hotels and conferences will be constructed in parallel. <strong>Norrporten</strong> is planning to develop the Magne block by the Teg Bridge in the city centre. The proposal would add 13,500 square metres of office, retail and residential space. <strong>Norrporten</strong> focuses on developing and improving its office and retail properties in the centre-city area. Great effort is being devoted to further developing commerce and the hospitality industry together with other stakeholders in the Umeå C development partnership. Major tenants <strong>Norrporten</strong>’s major tenants in Umeå are the County Administrative Board, Swedish Tax Agency, the Swedish Courts Administration, Clas Ohlson, Sweco and Thyréns. The Municipality of Umeå has 116,500 inhabitants. The largest private employers are Volvo Trucks, Ålömaskiner and GE Healthcare. A total of 12,000 companies are established in Umeå. Within the public sector, the municipality, county council and university employ the most people. The university has more than 36,700 students. Umeå is the “Cultural Capital of Europe” for 2014.
A SeleCtioN of NorrPorteN’S ProPertieS iN uMeå 19