Real Estate Crisis
Sweden’s Oscar Properties Drops After Lender Demands Repayment
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The shares of struggling Swedish landlord Oscar Properties Holding AB fell in Stockholm on Monday after a lender again demanded immediate repayment.
One of the property firm’s creditors asked for repayment of a 485 million kronor ($46 million) loan, according to a statement late on Friday. The fresh call comes after two lenders, including DNB Bank ASA, said they wanted their money back at the end of October having lent the real estate firm secured loans totaling about 2.1 billion kronor.