Sweden. Vacse AB (publ)
|Date of agreement:||19 Nov 2021|
|Customer:||Vacse AB (publ)|
|Amount in SEK:||SEK 235 million|
|Amount in EUR:||EUR 23 million|
|NACE sector / loan type:||Construction|
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Green buildings
Amount disbursed: EUR 22.9 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
This is the second loan NIB has agreed with Vacse AB (publ) for the development and construction of two BREEAM Excellent certified properties in Sweden. The first loan for the same projects was agreed in 2019.
The first property, Färgskrapan, hosts the extension of the Attunda District Court and offices of the Swedish National Court Administration (Domstolsverket) with a 25-year rental agreement in Sollentuna, north of Stockholm. The property has a total leasable area of 14,786 m2 and was completed in 2020.
The second property is the new joint head office of the Swedish Board of Agriculture (Jordbruksverket) and the Swedish Forest Agency (Skogsstyrelsen) with an office space of ca. 15,000 m2 in Jönköping. The tenants moved into the building in March 2021. The rental agreement has a tenure of six years.
Vacse AB (publ) is a real estate company founded 2009, specialising in modern properties with public tenants. Vacse is based in Stockholm, Sweden, and is owned by seven pension funds related to Apoteket, Atlas Copco, Ericsson, Sandvik, Skanska, Stora Enso and Volvo. The single largest tenants are the Swedish police (28%) followed by the Swedish prison and probation service (21%) and the Swedish courts administration (19%).
Fulfilment of NIB's mandate
Due to higher energy efficiency and more efficient use of other resources, BREEAM certified buildings have a higher added value (and therefore productivity) than other comparable uncertified real-estate assets in the region.
The BREEAM Excellent green building standard is BREEAM’s second highest certification level and evaluates the sustainability performance of the buildings.
Expected annual productivity and environmental impact related to the investment (updated since the previous loan agreed in 2019):
- Certification level BREEAM Excellent: 32,000 m2 constructed/certified
- Use of energy: 2,000 MWh/y
- Generation photovoltaic cells: 100,000 kWh/y
No significant risks related to the projects were identified.