Swedish offices vulnerable in European real estate, says Jefferies

Swedish offices vulnerable in European real estate, says Jefferies ** Jefferies sees better protection in European real estate outside of Swedish offices as the local market pattern adds headwinds to earnings growth ** Says lease contracts are much shorter in Sweden (3 years) than in other European countries (5 in Spain, 9-10 in France, Germany) making rents more vulnerable in an economic downturn ** Notes that shorter leases also increase the risk of higher vacancy, with Castellum CAST.ST and Fabege …