#Denmark #Copenhagen #Real Estate #Skanska

Skanska Sells Major Project in Copenhagen

Skanska, one of Sweden's leading construction and development companies, has made a substantial move in the real estate market by divesting a residential and hotel project located on Ørestads Boulevard 31 in Copenhagen, Denmark. The deal, valued at DKK 608 million (approximately SEK 890 million), has been executed with Urban Partners and will play a significant role in meeting increasing demand for flexible urban living spaces in the area.

The divestment will be formally documented under Skanska Commercial Development Nordic’s business for the fourth quarter of 2025. However, the ownership transition will not occur until the completion of construction, which is projected for the summer of 2028. This timeline allows Skanska to ensure that all project specifications and sustainability goals are met before handing over the property.

Project Overview

The total project spans 13,100 square meters and is distinguished by its dual-purpose design. Approximately 8,400 square meters will be dedicated to residential units, while the hotel component will occupy around 4,700 square meters. This multifaceted approach to urban development aims to uniquely blend private living and hospitality offerings in a single, accessible location. The development will feature 210 residential units alongside 143 hotel apartments, catering to a diverse demographic of residents and visitors.

A notable highlight of the project is the integration of shared facilities designed to foster community interactions among residents. With a spacious 1,350 square meter courtyard, the design allows for both spontaneous and organized events, encouraging socialization and a sense of belonging.

Sustainable Development Goals

In alignment with Skanska's commitment to sustainability, the project will be certified according to DGNB Gold standards by the Green Building Council Denmark. This certification further enhances the project’s appeal, not only due to its residential offerings but also because of its environmentally conscious construction methods. Potential residents will find themselves located ideally with access to essential public transport links, including the Metro and regional train services. This strategic placement ensures connectivity to major transport hubs, including the motorway leading to Copenhagen Airport and the Øresund Bridge.

Strategic Vision for Urban Development

This divestment is part of Skanska's broader strategy to align real estate operations with socially responsible development, particularly in urban areas experiencing housing shortages. The emphasis is on providing affordable and flexible living solutions that cater to the demographic shifts seen in modern cities. The partnership with Urban Partners marks a significant step toward achieving this vision, focusing on the revitalization and continuous growth of Copenhagen’s urban landscape.

Through this transaction, Skanska not only enhances its portfolio but also contributes positively to urban planning efforts aimed at improving the quality of life for Copenhagen residents. The residential and hotel project thus represents a forward-thinking approach to housing and hospitality, poised to meet the needs of a vibrant, evolving community.

Conclusion

As Skanska prepares to transition this project to Urban Partners, the company remains committed to high-quality construction practices and sustainable development. The completion of this project will not only revitalize Ørestad but also set a benchmark for future developments in urban living spaces. Given the growing demand for such properties, this project stands as a testament to Skanska's ongoing dedication to innovation and community-oriented planning.

For additional inquiries, interested parties can reach out to Peter Nymann-Jørgensen, Managing Director at Skanska A/S, or Andreas Joons, Press Officer for Skanska Group, for further details regarding the project and its impact on the community.