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(Bloomberg) In an ominous sign for Sweden’s battered real estate sector, Stockholm-based landlord Oscar Properties Holding AB had assets seized by a creditor, showing how patience is running thin as a financial crunch intensifies. Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanTrump Barred From Colorado Ballot in Unprecedented RulingApple to Halt US Sales of Smartwatches After Patent LossWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsThe Hed ....
Riksbank: Commercial property companies ramped up borrowing when rates were low and some are now struggling to pay off or roll-over debt after eight interest rate hikes by the central bank. ....
STOCKHOLM -Swedish property companies must reduce debt and strengthen their balance sheets amid surging interest rate costs and a slowing economy, Riksbank Governor Erik Thedeen said on Friday. . -December 01, 2023 at 05:15 am EST - MarketScreener ....
Swedish property firms should cut debt, raise equity, Riksbank chief says kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.