Note 24 Project and development properties

Investment property consist of owned and leased assets.

Group, MSEK Note 2019
Koncernen, Mkr Not 2019
Project and development properties – owned Projekt- och exploateringsfastigheter – ägda 11,240
Rights of use – leased with Nyttjanderätter – leasade 36 36 167
Total Summa 11,407
Group, MSEK 2019 2018
Koncernen, Mkr 2019 2018
Housing development rights Bostadsbyggrätter 5,674 5,394
Commercial development rights Kommersiella byggrätter 555 656
On going housing projects in Norway and Finland Pågående bostadsprojekt i Norge och Finland 3,035 2,034
On going rental projects in Sweden Pågående hyresrättsprojekt i Sverige 806 925
On going commercial projects Pågående kommersiella projekt 383 302
Completed property Färdigställda fastigheter 391 14
Other Övrigt 396 360
Total Summa 11,240 9,685

Project and development properties were written down during the year for a total of SEK 33 million (30). Loan interest of SEK 38 million (25) has been activated during the year.

Recovery

Of the recognized value of project and development property of SEK 11,240 million (9,685) some SEK 5,500 million (approximately 5,800) is expected to be recovered through the start of production or sales more than 12 months after the balance sheet day. The remaining part is expected to be recovered within 12 months after the balance sheet day.