NP3 targets two-year interest rate fixing as it waits for market conditions to improve
Sweden —
Swedish property group NP3 Fastigheter plans to extend its interest rate fixing period to two years, while holding back on new acquisitions until market conditions offer more attractive opportunities. Rising financing costs, higher vacancies and slower letting decisions remain key challenges, although the company sees potential to generate stronger returns as the transaction market cools.<br />
“We definitely have both the capacity and the appetite to continue acquiring properties,” chief executive Andreas Wahlén says.
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