15/06/2021
Project Lock is the largest property in Sweden owned by CapMan’s funds. CapMan Nordic Real Estate II Fund acquired the multi-let office property, which served as ASSA ABLOY’s office and industrial facility, in a sale and leaseback transaction in 2018. The property is well-located in the main industrial area of Eskilstuna, close to the city centre. Eskilstuna, a former industrial hub, has implemented several renewable energy and recycling initiatives and is on track to become one of the greenest cities in Europe. The property falls under CapMan’s public sector and social infrastructure investment theme. Technical improvements are currently ongoing for the premises leased by ASSA ABLOY. Improvements for the new Police headquarters (36,700 m²) are expected to start in the end of 2021 and the works for Södermanland’s County and Trafikverket will start during the spring of 2021.
Co-operation with tenants
Technical improvement and Capex works for ASSA ABLOY started in March 2020. CapMan is working together with the tenant to help them meet their sustainability goals. In the past year, the following updates have been achieved for the asset:
Reduced emissions
- Installation of Solar Park on the roof: Generates 668 MWh per year, which covers about 50% of ASSA’s electricity needs
Energy efficiency
- Additional insulation of the roof: Powerful impact on district heating consumption
- New energy efficient ventilation system: Energy savings
- Replacement of windows in existing building, both office and factory, from uninsulated 2-glass windows to modern insulated glass windows: Energy savings
Water conservation
- Replacement of compressor: Reduced water consumption
Energy efficiency & Work environment
- Replacement of windows: Energy savings & significantly improved work environment, more stable indoor climate
Emissions reduction & Work environment
- Bicycle parking: Improved health & sustainable commute
- Green car charger: Sustainable commute
Certification
- Process started to apply for BREEAM certification: Improve building sustainability management and wellbeing of tenants
“We really like working with an asset owner who has the same mindset regarding sustainability as we do.”
ASSA ABLOY
Maria Ahlström
Sustainability Health and Safety Manager Scandinavia
Steps taken by CapMan is an investment in premises that help also ASSA ABLOY to achieve their sustainability agenda of people, planet and profit:
- Better working environment in offices and factory
- Increased use of green electricity
- Reduced operating costs
The goal for ASSA ABLOY is to achieve a 50% reduction in CO2 emissions in 10 years and to be climate neutral in 2050 in accordance with the Paris Agreement.
(Estimated amount of CO2 avoided p.a. through use of solar power as compared to CO2 emissions of purchased electricity in Sweden of 0,03742 kg CO2e/kWh (GHG Protocol))
