Catena secures €36m green loan for Swedish logistics project

The credit facility has a maturity of eight years and the total investment, including land acquisition, will amount to SEK 862 mln (€72 mln).

The logistics facility is expected to be completed in 2024 and will be certified to BREEAM Excellent standard, while also being the first major logistics facility to be certified according to Well Core, an international social sustainability certification.

It will also have one of Sweden’s largest photovoltaic systems on the roof and supply all the excess electricity product to the power grid.

André Küüsvek, president and CEO of NIB, said: ‘Catena's commitment to establishing a sustainable logistics facility in Jönköping sets a new standard for the industry. By prioritising cleaner and more energy-efficient logistics, they are leading the way towards a greener future. “We are proud to be supporting their vision and contributing to the development of a more sustainable logistics sector in Sweden.’

David Silvesjö, CTO at Catena, added: ‘We view our newly established business relationship with the Nordic Investment Bank very positively. The fact that our work and our long-term commitments linked to sustainability are attracting more sources of funding is in line with our strategy. This transaction broadens our investor base, increases the capital tie-up and, above all, it supports our overall goal of reducing our carbon footprint to achieve net zero by 2030.’

The construction is also unique, as building’s frame will be composed of glulam, which will significantly lower greenhouse gas emissions during construction.

Consumer goods retailer Elgiganten will be able to relocate its main warehouse from the Czech Republic to Sweden thanks to the new logistics facility.

The strategic location near the domestic market will enhance customer service, reducing lead times and greenhouse gas emissions for deliveries.