Swedish landlords offload properties amid balance sheet pressure

Sweden’s commercial landlords continue to divest properties as they seek to lighten heavy debt loads built in the era of cheap money.

Stockholm, Sweden. Neighborhood of Liljeholmskajen built 2015 with some of the city's most expensive apartments | Photo: Alexander Farnsworth/AP/Ritzau Scanpix

By Charles Daly / Bloomberg

On Tuesday, Samhallsbyggnadsbolaget i Norden AB and Castellum AB separately announced transactions worth SEK 191m (EUR 16.12m) and SEK 430m (EUR 36.30), respectively. SBB said the sale of buildings to Nykvarn Municipality was part of its previously announced package to offload SEK 3bn of assets to existing tenants.

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Swedish landlords offload properties amid balance sheet pressure

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