The reckoning has begun for continental Europe’s highly leveraged real estate companies

Then there’s Sweden’s property sector. It’s had to adjust as base rates have jumped to 3% from below zero in three years or so.

Swedish firms have the highest loan-to-value ratios, a measure of debt relative to assets, of the Stoxx Europe 600 Real Estate index. 

Gothenburg-based Castellum AB last week moved to raise 10 billion kronor ($970 million) in a jumbo share sale to bolster its finances, days after domestic peer Fabege AB cut its dividend.

Chris Hughes Bloomberg 21 februari 2023

https://www.bloomberg.com/opinion/articles/2023-02-21/leveraged-real-estate-in-europe-faces-its-reckoning

”Det råder inga tvivel om att det finns viss osäkerhet kring hur fastighetsbolaget ska finansiera sig. ”

https://englundmacro.blogspot.com/2023/01/manga-av-de-svenska-borsnoterade.html