Sweden — Oscar Properties' outgoing CEO Carl Janglin tells Nordic Property News why he is leaving the company, what the pressure has been like in recent months and why his short time at the company did not turn out as he had imagined.

Sweden — On Monday Oscar Properties announced that they have sold the DNB portfolio for SEK 2.2 billion to Erik Selin Fastigheter. This is likely not the last thing Oscar Properties does in terms of disposals – the company has 36 properties left in its ownership and CEO Carl Janglin tells Nordic Property News that more sales will likely follow. He also comments on the additional measures the company is looking at such as a further slimming of the organization and a possible corporate restructuring.

Sweden — The Norwegian bank DNB has started to sell off a portfolio of Oscar Properties properties because the company was unable to pay the interest on a loan of SEK 1.6 billion from the bank, something that Bloomberg News was the first to report on. For Nordic Property News, CEO Carl Janglin confirms that the company, together with other lenders, is evaluating whether there is a way forward even without the DNB portfolio. He also explains how this affects the restructuring plan.

Sweden — Oscar Properties has an unsustainable capital structure given the interest rate situation. An agreement with all lenders is now required, says the new CEO, Carl Janglin.