Joo Group Oy

Date:1.7.2025
Country:Finland
Customer:Joo Group Oy
Amount in EUR:EUR 18.3 million
Maturity:10 years
Business sector:Industry & Real Estate
This loan contributes to climate change mitigation: 100%

Project

The loan has been provided for Joo Group Oy’s project to construct four residential buildings with LEED Platinum certification in Turku and Kirkkonummi, Finland. The total investment cost for the project is EUR 40 million.

All buildings are fully EU taxonomy aligned and have an energy class of A and will include solar panels for on-site renewable energy generation.

Fulfilment of NIB's mandate

The construction of energy-efficient residential buildings improves the quality and sustainability of housing infrastructure in Finland. The buildings demonstrate high environmental standards in the Finnish construction sector and contribute to climate-aligned urban development.

Impact indicators related to the loan:

  • LEED Platinum
  • Certification gross floor area (m²)

Sustainability summary

The buildings are constructed on previously industrial land, which has been remediated in accordance with Finnish environmental regulations.  Solar panels will provide on-site renewable energy.

4.7.2025

NIB finances sustainable residential development in Finland