All agreed loans

Sweden. Intea Fastigheter AB

Date of agreement: 6 Nov 2018
Country: Sweden
Customer: Intea Fastigheter AB
Amount in SEK: SEK 500 million
Amount in EUR: EUR 48.58 million
Maturity: 9 years
NACE sector / loan type: Construction
Business area: Infrastructure, transportation and telecom

Project

The loan will finance in part the construction of a new, unified university campus in Kalmar, Sweden. The main tenant is Linnaeus University.

The campus building will house the university library, lecture rooms, offices and laboratories.

Construction started in 2016 and will be completed in three different phases. The first phase was finalised in 2018, while the second and third phase will be completed in 2019 and 2020 respectively.

Linnaeus University is a Swedish state university with six faculties that was established by the merger of Växjö University and Kalmar University in 2010. The University has approximately 34,000 students and 2,000 employees.

Intea Fastigheter AB is a Swedish real estate company with a strategy of long-term active ownership of social property and infrastructure. The company’s portfolio consists of 16 properties across Sweden. Tenants include government agencies, government institutions and other public institutions. Intea Fastigheter AB has its headquarters in Stockholm and local offices in Linköping, Östersund and Vänersborg.

Fulfilment of NIB's mandate

Productivity:

The new, unified campus will replace a number of older facilities in Kalmar, and will contribute to a more efficient structure to increase the quality and attractiveness of education and research. Education is the most important way of raising labour productivity.

Environment:

The main contractor Skanska intends to certify the university campus in accordance with the Gold standard under the LEED green building rating system. The building is designed to be energy-efficient, and seawater is used for cooling purposes. Photovoltaic cells will be installed on the roof for renewable energy generation. Green areas are planned in connection with the building’s storm water control.

Sustainability summary

No significant sustainability issues concerning the construction have been identified. An environmental impact assessment was done in 2013. Former harbour operations in the area and fill material have resulted in soil contamination, and remedial actions have been carried out prior to the beginning of construction. A sustainability programme for the development of the building, including targets for location, layout and design are in place.

Press release

NIB finansierar nytt universitetscampus i Kalmar