All agreed loans

Finland. Kiinteistö Oy Järvenpään Terveystalo

Date of agreement: 31 Oct 2014
Country: Finland
Customer: Kiinteistö Oy Järvenpään Terveystalo
Amount in EUR: EUR 20 million
Maturity: 27 years
NACE sector / loan type: Health care sector
Business area: Infrastructure, transportation and telecom

This loan contributes to climate change mitigation: 100%


The loan has been provided for the construction of a new healthcare centre in the town of Järvenpää situated in southern Finland. The health centre, with a floor space of 12,100 square metres, will combine health and social services provided by the municipality. The project amounts to EUR 51 million.

The town of Järvenpää, with a population of 40,000, is employing the innovative Virtual Planning and Building model to design, construct and maintain the new health centre.

Kiinteistö Oy Järvenpään Terveystalo is a wholly municipality-owned company.

Fulfilment of NIB's mandate


The new facility may improve the quality of service and increase the labour efficiency. The estimated gains from cost efficiency between 2012 and 2030 are up to 9% compared to the costs the municipality would incur under current operational and facility structures. The cost savings indicate that productivity is likely to improve as well. Increasing the productivity of the healthcare sector is one of the most effective ways to counter the economic challenges to Finland’s public finances in the coming decades.


The energy use of the new healthcare centre is estimated at approximately 3,100 MWh a year, about 10% less than that of the facilities being replaced. The decrease equals approximately 60 tonnes of CO2 a year. The new building is designed to meet energy efficiency class C, whereas the energy efficiency class of the buildings to be replaced is E or lower.

Sustainability summary

The project is not predicted to cause any significant environmental impact. It is likely to result in a significant positive health impact due to its potential to promote the recovery of patients and the well-being of employees.

Press release

NIB beviljar lån för vårdcentral i Träskända i Finland


Press release

NIB rahoittaa Järvenpään uutta sosiaali- ja terveyskeskusta