7 May 2020
EUR 10 million
Industries and services
|Date of agreement:||18 Mar 2020|
|Customer:||Atrium Ljungberg AB (publ)|
|Amount in SEK:||SEK 920 million|
|Amount in EUR:||EUR 87.1 million|
|NACE sector / loan type:||Construction|
|Business area:||Industries and services|
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Green buildings
Amount disbursed: EUR 84 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
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.
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.
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:
No negative environmental or social aspects have been identified in relation to the project.