Nordic real estate: Barclays makes Fabege "preferred Swedish exposure"

Hufvudstaden AB

21/01/2019 07:40

** Barclays initiates coverage of four Nordic real estate
companies, saying it sees the economic outlook for both Norway
and Sweden as relatively strong 
    ** The broker initiates Entra  ENTRA.OL  and Castellum
 CAST.ST  with "equal weight" rating
    ** It says Entra "offers exposure to our second favoured
city in the Nordics", referring to Oslo, where 65 pct of the
co's portfolio is located
    ** Castellum offers the most liquid way to gain exposure to
the Nordic real estate market, but its diversified exposure
limits relative upside compared with more focused peers, it says
    ** Barclays initiates Hufvudstaden  HUFVa.ST  with
"underweight", saying it has relatively limited development
exposure
    ** It also starts coverage of Fabege  FABG.ST  with
"overweight", picking it as its "preferred Swedish exposure"
    ** It says Fabege "offers 100 pct exposure to Stockholm
offices, one of the strongest growth markets in Europe"
   

 ((Marta.frackowiak@tr.com))