Note 24 Project and development properties

Project and development properties consist of owned and leased assets.

Group, MSEK Note 2020 2019
Koncernen, Mkr Not 2020 2019
Project and development properties – owned Projekt- och exploateringsfastigheter – ägda 13,670 16,781
Rights of use – leased with Nyttjanderätter – leasade 37 37 404 167
Total Summa 14,074 16,948
Group, MSEK 2020 2019
Koncernen, Mkr 2020 2019
Housing development rights Bostadsbyggrätter 5,262 5,674
Commercial development rights Kommersiella byggrätter 584 555
On going housing projects Pågående bostadsprojekt 5,985 8,576
On going rental projects in Sweden Pågående hyresrättsprojekt i Sverige 1,023 806
On going commercial projects Pågående kommersiella projekt 216 383
Completed property Färdigställda fastigheter 311 391
Other Övrigt 289 396
Total Summa 13,670 16,781

Project and development properties were written down during the year for a total of SEK 31 million (33). Loan interest of SEK 181 million (200) has been activated during the year. The interest rate on the activated loan costs is 2.2 percent (2.2).

Recovery

Of the recognized value of project and development property of SEK 13,670 million (16,781) some SEK 3,400 million (approximately 5,500) 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.