The Council of Europe Development Bank (CEB) has approved an eight-year unsecured loan of EUR 22,2 million for Hemsö’s Campus Tensta development project.
In 2022, Hemsö acquired Campus Tensta. The premises are currently undergoing refurbishment and an extensive redevelopment project to adapt them to modern educational activities. Hemsö recently signed a lease agreement with Järva Gymnasium, which will open school activities on the premises in the autumn term of 2024.
Hemsö’s vision for Campus Tensta is to create good conditions for upper-secondary and adult education, as well as vocational training. We also want the premises to accommodate activities for culture, innovation and entrepreneurship. The aim is to make a difference for Tensta residents by creating a meeting place for people from the local community as well as people from all over Stockholm.
“We are very happy to be starting this collaboration with CEB where, together with the bank, we can realise our social ambitions in Tensta, while further diversifying our sources of funding.” Hemsö’s focus on social sustainability and our investments in socially vulnerable areas create good conditions for constructive and long-term collaboration,” says Rutger Källén, Deputy CEO and CFO at Hemsö.
“The CEB is pleased to start co-operation with Hemsö, Sweden’s foremost institution for the development of social infrastructure. Our loan will enable Hemsö to create a school campus offering educational excellence in a disadvantaged area of Stockholm, with a high percentage of immigrant population. Providing quality education for all and supporting migrant integration are at the core of the CEB’s social mandate.”
About the Council of Europe Development Bank
The bank is jointly owned by 43 member states across Europe and has a mission to only finance social investments that are in line with the EU’s goals.