Catella launches Swedish property market sentiment indicator
Swedish group Catella has launched CREDI – the Catella Real Estate Debt Indicator – to provide an ongoing measure of the domestic property debt financing market.
The launch of the Indicator comes, Catella says, because of rapid changes in property market conditions.
“Catella sees a need to increase transparency in the financing situation for property companies. This is a natural development for Catella, which complements our advisory services.” said Anders Palmgren, head of Catella’s Corporate Finance operations.
The Indicator consists of two parts; a 6-month current and forward looking survey of Swedish listed property companies and banks providing real estate financind on the Nordic market; and a second set of indices based on publicly available data showing the aggregate change in credit conditions, such as leverage, duration and cost of debt for the Swedish listed property sector.
Niclas Forsman, Capital Markets analyst at Catella Corporate Finance said: “By monitoring credit conditions for the Swedish listed property sector, we are also aiming to track trends and changes on the broader real estate financing market.”
The first edition of CREDI can be found at www.catellaproperty.se