NEARLY ZERO ENERGY BUILDINGS

Promoter – Financial Intermediary

VASAKRONAN AB (PUBL)

Location

• Sweden

Description

The proposed project consists of the development of two new office buildings in Stockholm and Gothenburg supporting the Swedish strategy for the development of near-zero-energy buildings (NZEB).

Objectives

The project relates to the development of office buildings in Stockholm and Gothenburg supporting the Swedish strategy for the development of nearly-zero-energy buildings (NZEB). The promoter is a property developer and investor company focused on letting and managing offices and retail buildings.

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

EUR 200 million

Total cost (Approximate amount)

EUR 473 million

Environmental aspects

The project is not expected to fall under Environmental Impact Assessment (EIA) Directive 2011/92/EU, provided that the new buildings will be integrated in an urban area. The Bank will review relevant permits and environmental and social management processes during appraisal, including mitigation/compensation measures to be taken and any potential effects on nature conservation sites (Habitats Directive 92/43/EEC and Birds Directive 79/409/EEC).

Procurement

The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

Status

Signed - 12/06/2017