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[$$] Stockholm Office Market Booms but Feels Some Growing Pains

Late last year, when Swedish home prices were plummeting, some short sellers targeted Fabege AB, a large Stockholm office landlord, on the belief that the weakness in residential would spread to commercial property. Lately Fabege’s shares have been trading above 120 Swedish kronor a share ($13.19), up from under 90 Swedish kronor late last year. “Everyone who has been cautious on the Swedish commercial real-estate names has been wrong,” said Peter Papadakos, an analyst with Green Street Advisors.