NIB Nordic Investment Bank

Loan

Finland. Lidl Suomi Ky

Date of loan: 2 Jun 2017
Country: Finland
Customer: Lidl Suomi Ky
Amount in EUR: EUR 70 million
Maturity: 10 years
NACE sector / loan type: Retail trade, except of motor vehicles and motorcycles

Sectors

Industries and services

Financing from NIB Environmental Bond proceeds

Share of financing: 86%

Amount disbursed: EUR 60 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 to finance the construction of Lidl Suomi’s new warehouse in Järvenpää and investments in a number of new Lidl stores in Finland during 2017.

The Järvenpää warehouse will significantly increase Lidl’s storage capacity. Further, as part of its expansion strategy, Lidl plans to open up to ten new stores in the country.

Lidl is an international discount supermarket chain with approximately 10,000 stores in 27 European countries. Today, Lidl operates over 160 stores in Finland and employs approximately 5,200 people. The chain is part of the Germany-based Schwarz Group.

Fulfilment of NIB's mandate

Competitiveness:

The new logistics centre in Järvenpää and the construction of new stores will increase Lidl’s warehouse capacity in Finland and support the company’s growth strategy.

Environment:

The Järvenpää logistics centre will be certified in accordance with the “Excellent” certificate under the BREEAM standard for environmental buildings. Further, the building will be equipped with solar panels and an advanced automation system for cooling and heating.

Sustainability summary

No significant sustainability concerns related to the construction and operation of the Järvenpää logistics centre have been identified.

Back to agreed loans

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