NIB Finances Green Office Developments in Oslo

NIB Finances Green Office Developments in Oslo

NIB Finances Green Office Developments in Oslo

The FINANCIAL -- NIB and the Norwegian state company Bane NOR Eiendom AS have signed a seven-year loan agreement to finance the construction of a new office building in Oslo.

The NOK 350 million (EUR 36.8 million) loan facility is part of the company’s investment in the new headquarters of Bane NOR, located in the centre of Norway’s capital.

The building will provide approximately 22,000 square meters of office area, accommodating up to 1,400 employees. It will replace most of the company’s current offices, resulting in a consolidated workforce and energy savings. The project is already under construction and will be completed in early 2019.

Bane NOR’s new headquarters will be certified in accordance with the “Excellent” rating under BREEAM-NOR certification, Norway’s national modification of the world-leading Building Research Establishment Environmental Assessment Method. The office will be equipped with solar panels as well as automation systems for heating, cooling and storm-water management.

Bane NOR Eiendom AS is a subsidiary of the state-owned Bane NOR SF. Bane NOR Eiendom owns, develops and manages railway property in Norway, is the country's leading hub developer, and is an important stakeholder in the development of public spaces and urban areas.

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.