NIB finances green building developments in Stockholm’s life science cluster

NIB and the Swedish real estate company Atrium Ljungberg AB (publ) have signed a SEK 920 million (EUR 87.1 million) loan agreement for green building construction in Hagastaden, Stockholm.

The seven-year-maturity loan will finance the construction of “Life City”, an office building that will aim for BREEAM Excellent certification for green buildings.

“Life City” will provide 27,500 square metres of office area in a life science cluster next to the New Karolinska University Hospital.

The new office space will be mostly occupied by Academic Work, a recruitment company that helps students and recent graduates to enter the labour market. Its location will thus benefit both the employers and the employees in Stockholm’s growing business cluster for healthcare, research and life sciences.

The project is scheduled to be completed during 2022. The total project cost is approximately SEK 1,840 million.

Atrium Ljungberg (publ) is a real estate company, which focuses on offices and retail, but also owns and operates residential properties and cultural, service and educational facilities. The Company’s real estate holdings are located in Stockholm, Uppsala, Malmö and Gothenburg.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Kim Krokfors, Senior Manager, Origination, on +358 10 618 0517, Kim.Krokfors@nib.int
Mr Vytautas Brazaitis, Communications Unit, at +358 10 618 0235, Vytautas.Brazaitis@nib.int