All agreed loans

Sweden. Atrium Ljungberg AB (publ)

Date of agreement: 18 Mar 2020
Country: Sweden
Customer: Atrium Ljungberg AB (publ)
Amount in SEK: SEK 920 million
Amount in EUR: EUR 87.1 million
Maturity: 7 years
NACE sector / loan type: Construction
Business area: Industries and services

Project

The loan has been provided for the construction of a green office building in Hagastaden, Stockholm.

Called Life City, the building will be located in a life science cluster next to the New Karolinska University Hospital. It will provide 27,500 square metres of office space.

The construction will aim for the BREEAM Excellent certification for green buildings.

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

Atrium Ljungberg (publ) is a real estate company that 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 primarily located in Stockholm, Uppsala, Malmö and Gothenburg.

Fulfilment of NIB's mandate

Productivity:

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.

As a matching platform in the life sciences hub in Hagastaden, Stockholm, Academic Work helps with skills screening in the recruitment process. For people entering the labour market, the platform facilitates on-the-job training and provides consulting services. Therefore, the operations of Academic Work in Life City are expected to improve the labour market efficiency in Stockholm’s life science cluster.

Environment:

The company plans to certify the building in accordance with the BREEAM-SE Excellent green building certificate, which is the second highest certification class and evaluates the sustainability performance of the buildings.

The location is easily accessible by public transport, and the building design includes bicycle parking as well as charging points for electric vehicles.

Estimated impacts related to the investments:

  • BREEAM Excellent certified green building gross floor area: 30,000 m2
  • Use of energy: 46 KWh/m2

Sustainability summary

No negative environmental or social aspects have been identified in relation to the project.

Press release

NIB finansierar grön fastighetsutveckling i Stockholms life science-kluster