Oscar Properties in Sweden sells discounted real estate
Real Estate

Oscar Properties in Sweden sells discounted real estate

Oscar Properties, a Swedish company, has reluctantly announced its decision to sell real estate at a discounted price of 2.2 billion Swedish crowns in order to repay loans from Norwegian bank DNB and other smaller creditors. The revelation was made by the company, citing high debts, increasing interest rates, and a weak economy as factors that have led Swedish property companies to struggle with soaring borrowing costs and diminished demand.

CEO Carl Janglin expressed the company's desire to retain ownership of the properties, "We would have liked to have continued to own these properties, but our senior bank DNB wanted to have its loans repaid."

The real estate involved in the compelled sale is estimated to be worth around 3 billion crowns, with the sale representing a discount of 27%, according to the company's announcement. Following the sale, the company's shares experienced an 85% surge, although they later reduced gains to close up around 19%. Over the past 12 months, the stock has witnessed a decline of more than 80%.

Oscar Properties declared in a statement that it intends to continue discussions with owners and remaining lenders to explore options for restoring equity and securing new capital.

Oscar Properties, a Swedish company, has reluctantly announced its decision to sell real estate at a discounted price of 2.2 billion Swedish crowns in order to repay loans from Norwegian bank DNB and other smaller creditors. The revelation was made by the company, citing high debts, increasing interest rates, and a weak economy as factors that have led Swedish property companies to struggle with soaring borrowing costs and diminished demand. CEO Carl Janglin expressed the company's desire to retain ownership of the properties, We would have liked to have continued to own these properties, but our senior bank DNB wanted to have its loans repaid. The real estate involved in the compelled sale is estimated to be worth around 3 billion crowns, with the sale representing a discount of 27%, according to the company's announcement. Following the sale, the company's shares experienced an 85% surge, although they later reduced gains to close up around 19%. Over the past 12 months, the stock has witnessed a decline of more than 80%. Oscar Properties declared in a statement that it intends to continue discussions with owners and remaining lenders to explore options for restoring equity and securing new capital.

Next Story
Infrastructure Transport

NF Railway Launches Girder on World’s Tallest Pier Bridge in Manipur

The Northeast Frontier Railway (NFR) has reached a significant engineering milestone by successfully completing the girder launch on the iconic Noney Bridge in Manipur.Regarded as an engineering marvel, the Noney Bridge is recognized as the world’s tallest railway pier bridge. It forms a crucial part of the 111 km long Jiribam-Imphal railway line project.Recently, the final span of the bridge was successfully erected, marking the completion of all eight spans of this monumental infrastructure venture.Kapinjal Kishore Sharma, Chief Public Relations Officer of NFR, stated that this accomplishm..

Next Story
Infrastructure Urban

Cube Highways Trust Reports Rs 34.53 Bn Total Income in FY25

Cube Highways Trust (Cube InvIT), managed by Cube Highways Fund Advisors, concluded its second financial year post-listing on a strong note by reporting a total consolidated income of Rs 34.53 billion for the financial year 2025, marking a 12.3 percent year-on-year (YoY) increase.According to the official media release, Cube InvIT posted a consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) of Rs 2,380 crore, reflecting a 21.7 percent YoY growth. During the year, traffic volumes increased by 6.2 percent, while the Asset Under Management (AUM) grew 25 percent to ..

Next Story
Infrastructure Transport

New Flyover to Ease Traffic on Hyderabad’s Busiest Road

To improve urban connectivity and reduce traffic congestion in the city, the Greater Hyderabad Municipal Corporation (GHMC) will undertake the construction of a two-lane unidirectional flyover at NFCL Junction in Banjara Hills, along with a two-lane unidirectional underpass and a three-lane unidirectional flyover at TV9 Junction, as part of the state government’s prestigious Hyderabad City Innovative and Transformative Infrastructure (H-CITI) programme.The NFCL Junction flyover will be a two-lane unidirectional structure extending from Banjara Hills Road No. 3 towards GVK Mall. It is planned..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?