5 Dec 2019
EUR 20 million
Financial institutions and SMEs
NIB and the Swedish real estate company Intea Fastigheter AB have signed a nine-year loan agreement of SEK 500 million (EUR 48.58 million) to finance in part the construction of a new campus for Linnaeus University in Kalmar.
The new campus will house the university library, lecture rooms, offices and laboratories.
The facility is designed to be energy-efficient. Seawater will be used for cooling purposes and photovoltaic cells will be installed on the roof for renewable energy generation. The facility is to be certified in accordance with the Gold standard under the LEED green building rating system.
“The new campus will provide state-of-the art teaching and research facilities for Linnaeus University, including facilities for research on the marine environment of the Baltic Sea. Investments in higher education are one of the best ways to boost the development of human capital, technical progress and innovation”, says Henrik Normann, NIB President & CEO.
Construction started in 2016, and the first phase of the project was completed during 2018. The final construction phase of is scheduled to be completed in 2020.
Linnaeus University is a Swedish state university with six faculties, and 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 and has a portfolio of 16 properties. The company has its headquarters in Stockholm and local offices in Linköping, Östersund and Vänersborg.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
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