NIB finances the Green Chemistry R&D Park in Finland

The EUR 40 million loan will partially finance approximately 3,100 square meters of rentable office space, 8,600 square meters of rentable laboratory space, 730 square meters of rentable meeting space and the first phase of the restaurant project. The building will comply with the BREEAM environmental certificate, and the goal is to get at least “Very Good”.

The Finnish chemical manufacturer Kemira Oyj leases approximately 70% of the total surface area of ​​phase I with a long-term lease. Kemira’s premises will have approximately 7,000 m2 of laboratory and research space and 2,200 m2 of office space.

The other premises for rent in phase I include approximately 2,900 m2 of laboratory and office space and approximately 730 m2 of common space with restaurant and meeting facilities, which are rented to other companies for chemical research.

“Erica is a long-term investment for us and our partners Church Pension Foundation and Aktia Life Insurance Oy. We are happy that we can develop this unique business and science center in together with NIB, Kemira and the joint venture. “, says Pia Lindborgreal estate manager at A. Ahlström Kiinteistöt Oy (subsidiary of Ahlström Capital).

“It’s great that the planning process has now been completed and the construction of the new laboratory and office premises of the Kemira Research Center can begin at the beginning of 2023. The Kemira Research Center has operated in Finnoo for over 50 years and will continue in the same location when we move to the new Erica Green Chemistry Park after its completion in 2025.” says Kemira’s director of real estate and investments. Jari Tolvanen.

“We expect that the transfer of Kemira’s research activities to the new Green Chemistry Park will increase research and innovation capacity, as well as cooperation between the Finnish chemical industry and the scientific world,” says the release. André KuüsvekCEO of NIB.

Kiinteistö Oy Espoo’s Erica is managed by A. Ahlström Kiinteistöt Oy (40.5%), Kirkon Eläkekassa (40.5%) and Aktia Life insurance Oy (19%).


Source: Nordic Investment Bank (NIB)

NIB is an international financial institution owned by eight member countries: , , , , , , and . The bank finances private and public projects in member countries and outside them. NIB has the highest possible credit rating, AAA/Aaa, with the leading credit rating agencies Standard & Poor’s and Moody’s. Visit at

Source: The Nordic Page




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