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Loss-making SBB is at the epicentre of a Swedish property crash, having racked up vast debt by buying public real estate, including social housing, government offices, schools and hospitals.
SBB: The $13 billion group, which owns swathes of property across Sweden including hospitals and schools, racked up a pre-tax loss of 11.1 billion Swedish crowns ($1.09 billion) in the second quarter, while its cash reserves shrank.