Elgemyr: “E-Commerce will have little effect on CBD properties”

Anders Elgemyr, CEO of Carlsquare, talked about the Swedish property sector in this morning’s episode of Dagens Industri‘s “Börsmorgon”. Anders mentioned the general concern by some analysts that the fast-growing e-commerce market will force physical stores to shut down which in turn affects the concerned property companies.

However, Anders argues that there are large differences between Swedish real estate companies. Hufvudstaden AB on one hand owns mainly properties within the “central business district” (CBD) in Stockholm and there is little to no chance that large retailers close their stores in the foreseeable future due to the growing e-commerce market. Atrium Ljungberg on the other hand owns commercial properties outside of Stockholm city (e.g. Nacka, Kista & Hagastaden) and he believes that they are more exposed to the growing e-commerce market.

Watch the discussion here (In Swedish)