In Person Event

Nordic Real Estate 2026 - 10 Year anniversary edition

Rising rates, mounting risks: storm clouds ahead?

location_on Grand Hôtel, Stockholm Map

Agenda

08.00 - 08.30
CET

Registration & networking

08.40 - 09.00
CET

Rising rates: will CRE prove resilient once again?

MOODY'S VIEW

  • Credit quality trends across Nordic real estate
  • The impact of higher-for-longer interest rates on interest coverage, valuations and financing 
  • Refinancing risk, liquidity and capital market access 
  • Growing exposure to interest rate movements through debt maturity and hedging profiles 
  • Key risks and vulnerabilities shaping the sector outlook 
09.00 - 09.15
CET

Nordic & European outlook: navigating a higher-for-longer World

MOODY'S VIEW

  • Higher rates: implications for growth, inflation and financing  
  • Geopolitical tensions: risks for Nordic and European sovereigns  
  • Sovereign credit: key themes for 2027 
09.15 - 09.50
CET

Status of the property market

PANEL DISCUSSION

  • How resilient is Nordic real estate in a higher-for-longer rate environment? 
  • The outlook for financing, refinancing and capital markets access 
  • Are improving transaction volumes and stabilising values sustainable? 
  • The future of the office sector: risks, recovery and opportunities 
  • Creating shareholder value: capital allocation, funding decisions and investor expectations 
09.50 - 10.20
CET

Networking break

10.20 - 10.30
CET

Presentation by Riksbanken

MARKET VIEW

Olof Sandstedt
Olof Sandstedt Head of Financial Stability Department, Riksbank
10.30 - 10.40
CET

Presentation by Finansinspektionen

MARKET VIEW

10.40 - 11.20
CET

Financial stability and commercial real estate: resilience, risk and a changing funding landscape

PANEL DISCUSSION

  • CRE after the rate shock: resilience, refinancing capacity, thinner ICRs and the risks from higher financing costs and vacancies
  • CRE stress: critical links - how could it spread to banks and threaten financial stability?
  • Changing funding landscape: the shift between bank lending, bond markets and private credit reshaping risks?
  • Risks old and new: which vulnerabilities have receded, where risks are migrating and what could drive the next CRE downturn
  • Sweden’s capital markets: liquidity, international investor participation and whether current credit spreads adequately compensate for risk.
11.20 - 12.15
CET

Investing in Sweden and Accessing International Funding

PANEL DISCUSSION

This panel will be in English

  • Sweden’s investment case: What makes Swedish real estate attractive relative to other European markets, and what are the key risks?
  • Funding Swedish assets: How do you balance funding sources, refinancing and currency risks?
  • Balance-sheet discipline: How are rates and valuations reshaping leverage, hedging, ratings and shareholders priorities?
  • Capital allocation: Growth, debt reduction, dividends or share buy-backs - what comes first?
  • Funding mix: Bonds, bank debt, secured financing or private credit – where is the best value?
  • Moody’s approach to assess credit quality of real estate companies
12.15 - 12.40
CET