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 |
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Green buildings
Amount disbursed: EUR 18.3 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 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.
