A real estate company in Sweden has been granted a loan totalling €75 million for energy efficiency projects.

Castellum will use the cash to build two “nearly zero-energy” office buildings in the country – the ‘Torspian’ building in Stockholm and the ‘Citypassage’ in central Örebro.

Romualdo Massa Bernucci, Director for the European Investment Bank (EIB) lending in the Nordic countries said: “Both residential and office buildings are responsible for a large part of the CO2 output so making them more energy efficient is an important step in mitigating our footprint in large cities.”

Castellum is one of the major listed real estate companies in Sweden and was last year awarded for its sustainability performance.

Sweden has announced plans to become “carbon neutral” by 2045.

A UK housing association was also granted £150 million loan by the EIB to retrofit homes in the country.