Sweden. Intea Fastigheter AB
| Date of agreement: | 14 Mar 2023 |
|---|---|
| Country: | Sweden |
| Customer: | Intea Fastigheter AB |
| Amount in SEK: | SEK 410 million |
| Amount in EUR: | EUR 36.3 million |
| Maturity: | 14 years |
| NACE sector / loan type: | Construction |
This loan contributes to climate change mitigation: 100%
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Green buildings
Amount disbursed: EUR 36.8 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
Project
The loan has been granted to finance the construction of two BREEAM excellent certified green buildings in Sweden: a regional command centre in Örebro and an office building in Östersund. The projects are eligible for financing from the proceeds of NIB Environmental Bonds.
Regional command centre
The 12,300-square-meter building in Örebro will become Sweden’s first regional command centre. The premises will be leased to the Swedish Police and will house several authorities. Centralising the authorities under one roof will allow better coordination of day-to-day activities and major events.
The construction is expected to be completed by the end of this year.
Office building
The 6,750-square-meter wooden building will be located in the Eastern part of the Östersund Campus area, next to the Swedish Enforcement Authority building. The office will be mainly occupied by the Swedish Tax Agency. The tax authority currently runs its operations in two locations, and moving to a centralised office close to other government agencies will increase its activities’ efficiency.
The construction is expected to be completed by the end of September 2023.
Established in 2015, Intea Fastigheter AB is a Swedish real estate company focusing on long-term, active ownership of social infrastructure. The company’s portfolio consists of buildings and projects with public tenants representing the administration of justice, higher education and healthcare.
Fulfilment of NIB's mandate
Productivity:
The new regional command centre in Örebro will improve the efficiency and coordination of critical public services, increasing the emergency preparedness. By concentrating several authorities in one location, responses to crises are highly likely to be faster and more effective. Operational management will also benefit from new technical infrastructure and facilities that will improve reliability and safety.
The new office in Östersund will concentrate and expand the Swedish Tax Agency’s activities. Given that its current premises are outdated and spread around different locations, this is expected to contribute to better synergies, as well as time and cost savings. The modern technology and improved data security will also increase the reliability of operations.
The branch located in Östersund also provides nationwide ICT services for the Swedish Tax Agency. Benefiting from a more advanced technical infrastructure will therefore improve resilience and the operational environment. The number of employees at the branch’s ICT unit is expected to increase from 270 to 315.
Environment:
Both buildings will be certified in accordance with the BREEAM Excellent green building standard. They are both expected to be of energy class A.
Impact indicators in relation to the investments:
Productivity:
- Time and cost savings from improved disaster preparedness
- Time and cost savings for the Tax Agency
- Improved performance of the Tax Agency’s ICT services
Environment:
- BREEAM certification level and m2 constructed/certified
- Use of energy (kWh/m2 per year and MWh per year) and energy class
Sustainability summary
No sustainability risks have been identified in relation to the projects.
Both buildings are aligned with the EU Taxonomy Technical Screening Criteria for climate change mitigation. Although the quantified criteria for circularity and hazardous substances in the construction material cannot be fully confirmed, the Do No Significant Harm criterion is considered to be met given the BREEAM certifications.
