Finnish property company Citycon has been granted a EUR 30mln loan by the Nordic Investment Bank (NIB) to finance the development of a shopping centre south of downtown Stockholm, in the district of Liljeholmen. The new centre will apply strict environmental standards as part of an holistic approach to sustainable building, which was essential to NIB's decision to participate in the financing of the project. NIB's loan is an important contribution to the project, which will cost EUR 180mln in total. The maturity of the loan is 10 years.
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