All agreed loans

Sweden. SKR Spallation AB

Date of loan: 15 Feb 2018
Country: Sweden
Customer: SKR Spallation AB
Amount in EUR: EUR 30 million
Maturity: 23 years
NACE sector / loan type: Construction
Business area: Infrastructure, transportation and telecom

Project

The loan will finance the construction of scientific infrastructure, including labs and offices, at the site of the European Spallation Source in Lund, Sweden.

The project, referred to as the ESS Campus, concerns the construction of laboratories and workshops to support the research conducted at the ESS facility. Further, office premises with up to 450 workplaces will be built.

Construction is set to begin in January 2018 and is scheduled for completion in by mid-2020.

The European Spallation Source ERIC (ESS) is a joint European organisation for neutron-based research. Located in Lund, Sweden, ESS will open for researchers in 2023.

SKR Spallation AB is a special-purpose vehicle owned by the real estate developer Skandrenting AB, headquartered in Stockholm, Sweden.

Fulfilment of NIB's mandate

Competitiveness:

Together with the neighbouring MAX IV synchrotron lab, the ESS forms the largest research centres in Europe, and provides research opportunities in fields such as life sciences, energy, environmental technology, telecommunications, cultural heritage and fundamental physics.

The construction of offices and laboratories, as well as of a canteen for 200 people will play an integral part for the functioning of the European Spallation Source as a whole. It is estimated that approximately 3,000 researchers annually will be accessing the ESS facility once it is completed. ESS is expected to promote innovation, interdisciplinary knowledge management and collaboration between governments, academia and private businesses.

Environment:

The project will aim for certification under the BREEAM standard for assessment of sustainable buildings, but no clarification as to which certification level is aimed for has been provided.

Sustainability summary

The ESS site has received an environmental permit from the Swedish Land and Environmental Court under the radiation protection act and under the building act. No significant environmental risks have been identified.

Press release

NIB finansierar ESS laboratorier och kontor i Lund