Pension

Sweden real estate concerns are exaggerated, pension funds say

Some of the biggest institutional owners of Swedish real estate are pushing back against what they view as overblown worries that the country’s floundering property market will unravel. 
Tomas Floden, the chief investment officer of AMF and Kristin Magnusson Bernard, CEO of AP1. | Photo: PR / AMF and AP1
Tomas Floden, the chief investment officer of AMF and Kristin Magnusson Bernard, CEO of AP1. | Photo: PR / AMF and AP1
By Rafaela Lindeberg and Niclas Rolander / Bloomberg

As interest rates have risen, share prices of landlords listed in Stockholm have plunged by more than 50%. Samhallsbyggnadsbolaget i Norden AB in particular has become emblematic of the sector’s woes after a credit downgrade forced the company, commonly known as SBB, to pull a share issue and put itself up for sale. 

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