10 Sep 2019
EUR 30.2 million
Infrastructure, transportation and telecom
NIB and the Swedish real estate company Vacse AB (publ) have agreed on a SEK 400 million (EUR 38 million) loan to finance two new BREEAM-certified office buildings in Sweden.
The 10-year-maturity loan has been provided to finance the development and the construction of two multi-tenant office buildings, one located in Jönköping and another in Sollentuna, just north of Stockholm. Upon their completion, both properties shall be eligible for certification under the BREEAM Excellent standard for green buildings.
The Sollentuna-based multi-tenant court building, 'Färgskrapan', will have a total leasable area of approximately 15,000 square metres. The property will host the extension to the Attunda District Court, a specialised high security District Court, as well as offices rented by the Swedish National Courts Administration (Domstolsverket). In addition, part of ‘Färgskrapan’ will be rented to other tenants. The building is expected to be ready in spring 2020.
The new joint head office of the Swedish Board of Agriculture (Jordbruksverket) and the Swedish Forest Agency (Skogsstyrelsen) is being built in Jönköping. The property will comprise an office space of approximately 15,000 square metres. The building is expected to be completed in early 2021.
Founded in 2009, Vacse AB (publ) is a real estate company specialising in modern properties with public tenants. The single largest tenants are the Swedish police (38%) followed by the Swedish prison and probation service (25%) and the Swedish courts administration (16%). Vacse is based in Stockholm and is owned by seven pension funds related to Apoteket, Atlas Copco, Ericsson, Sandvik, Skanska, Stora Enso and Volvo.
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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