25 Mar 2020
EUR 750 million
NIB and the Swedish commercial property company Vasakronan AB have signed a seven-year loan of SEK 750 million (EUR 68 million) for the construction of three green office buildings in Stockholm.
The project includes the construction of two new office buildings and the refurbishment of an existing property as part of the Nya Kronan office complex in the municipality of Sundbyberg, northern Stockholm. The offices will be certified under the LEED Platinum standard for green buildings.
Solar panels will be installed on the roof and façade, and geothermal energy will be used for heating and cooling.
Green buildings are more energy and resource efficient than regular real estate. Such properties can contribute to increased workplace productivity and an improved experience for building users, thanks to factors such as better indoor air quality, acoustics, thermal comfort and lighting.
“Green buildings are starting to become the norm in the Nordic countries, especially for larger tenants. The investment in green building certification increases the long-term property value, as it contributes to a reduction in life cycle costs. Green buildings are also more flexible for tenant adaptation, which implies cheaper and smaller environmental impacts when needs change”, says Henrik Normann, NIB President & CEO.
Upon completion, the three properties will have a combined lettable area of 47,000 m2. The main tenant will be the Swedish Tax Agency. Occupancy is planned for the end of 2021.
Vasakronan AB is Sweden’s leading commercial property developer and is jointly owned by the First, Second, Third and Fourth Swedish National Pension Funds. The company manages and develops large property clusters, including office and retails spaces, in Stockholm, Gothenburg, Malmö, and Uppsala.
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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