Swedish landlord Oscar Properties hit with bankruptcy claim

Swedish landlord Oscar Properties should enter bankruptcy proceedings after failing to uphold a settlement agreement with a creditor, according to a statement.
Norra Tornen are a pair of high-rise apartment buildings located in Vasastaden district of Stockholm, Sweden, developed by Oscar Properties. | Photo: PR / Oscar Properties
Norra Tornen are a pair of high-rise apartment buildings located in Vasastaden district of Stockholm, Sweden, developed by Oscar Properties. | Photo: PR / Oscar Properties
By Christopher Jungstedt / Bloomberg

The creditor in question is Brf Innovationen, a housing cooperative that owns one of the two flagship residential towers in Stockholm built by Oscar Properties.

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