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Home prices have fallen, but office-building owners are being buoyed by expanding tenant demand in a high-growth economy
Late last year, when Swedish home prices were plummeting, some short sellers targeted Fabege AB, a large Stockholm office landlord, on the belief that the weakness in residential would spread to commercial property.
It was a bad bet. Lately Fabege’s shares have been trading above 120 Swedish krona a share ($13.19), up from under 90 Swedish Krona late last year.