Real Estate
Swedish Landlords Offload Properties Amid Balance Sheet Pressure
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Sweden’s commercial landlords continue to divest properties as they seek to lighten heavy debt loads built in the era of cheap money.
On Tuesday, Samhallsbyggnadsbolaget i Norden AB and Castellum AB separately announced transactions worth 191 million kronor ($17 million) and 430 million kronor, respectively. SBB said the sale of buildings to Nykvarn Municipality was part of its previously announced package to offload 3 billion kronor of assets to existing tenants.