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Castellum reaches agreement with EIB on financing relating to nearly-zero-energy-buildings

Property Markets / Technology

England

Mar 12 2017

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Property Magazine

Castellum and The European Investment Bank (EIB) have signed a €75 million loan for the financing of two “Nearly-zero-energy-buildings” (NZEB) in Sweden. The loan, which allows for a final maturity of up to 8 years, was made possible by the support of the European Fund for Strategic Investments (EFSI), central pillar of the European Commission's Investment Plan for Europe. 

“We at Castellum are convinced that sustainability efforts provide the Group with a competitive advantage. It is economically viable, both short and long term, to work with sustainability. Well integrated sustainability efforts contribute to a more efficient management and improved control of our properties. We are pleased to see that the EIB finds our projects attractive and is willing to support our ambitions”, says Castellum’s CEO Henrik Saxborn. 

“It´s positive to us that we can benefit from attractive financing from the EIB on an unsecured basis”, says Castellum’s CFO Ulrika Danielsson. “We see it as a sign of trust, as well as a quality stamp”.

Castellum will use the loan to finance two new NZEB office buildings, specifically the “Torsplan” building in the Hagastaden part of Stockholm and the “Citypassagen” in central Örebro.

“We’re particularly proud to support Castellum in this initiative, also since climate action is high on the agenda for the European Investment Bank”, says Romualdo Massa Bernucci, Responsible for EIB lending in the Nordic countries. “Both residential and office buildings are responsible for a large part of the CO2 output, so making them more energy efficient is an important step in mitigating our footprint in large cities.” 

With climate action as a main priority for the EIB, Castellum’s initiative in constructing NZEB fits perfectly with the Bank’s strategy.

SOURCE: Property Magazine

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