#Denmark #Copenhagen #Skanska #C.F. Møllers Have

Skanska's Major Transaction in Copenhagen

Skanska, a global leader in construction and project development, has announced the divestment of its multi-family rental property, C.F. Møllers Have, situated in Copenhagen, Denmark. The property was sold for an impressive DKK 520 million, which approximates to about SEK 800 million. The acquisition has been made by Home.Earth Group Holding A/S, indicating significant interest in Copenhagen's thriving real estate market.

The transaction is set to be recognized as part of Skanska's Commercial Development segment in the fourth quarter of 2024. This sale aligns with Skanska's strategic approach to optimize its portfolio by focusing on cash generation through property sales. The transfer of this noteworthy property will officially occur on January 31, 2025.

What Makes C.F. Møllers Have Stand Out?

The C.F. Møllers Have property spans an expansive 12,000 square meters and comprises 156 rental apartments along with two small commercial leases. Completed recently in December 2023, all the residential units are currently leased, showcasing the desirability of this location. Its strategic placement near the metro line in Ørestad, Copenhagen, enhances accessibility for tenants, making it an ideal choice for modern urban living.

Notably, this building has been awarded DGNB Gold certification, a testament to its high standards in sustainability and environmental design. The property features a shared courtyard and an orangery, fostering a sense of community among residents. Each apartment is equipped with either a balcony or a private terrace, promoting outdoor living in an urban setting.

Additionally, the property accommodates an underground parking facility designed for bicycles, highlighting Nordic lifestyle preferences that prioritize cycling. Public parking is also available, with a 30-year leasing agreement involving 125 parking spaces rented out to By Havn, ensuring that both residents and their guests have sufficient parking options.

The Broader Context

This divestment reflects the ongoing trends within the Scandinavian real estate market, characterized by an increasing demand for rental properties that meet high environmental and efficiency standards. As cities adapt to modern living demands, properties like C.F. Møllers Have that offer attractive amenities and sustainable designs are becoming increasingly valuable.

Company officials, including Peter Nymann-Joergensen, Managing Director of Skanska A/S, along with Andreas Joons, Press Officer at Skanska Group, are available for inquiries regarding this transaction. This sale not only highlights Skanska's dynamic approach to managing its portfolio but also signals positive growth within the Copenhagen property market.

As we look to the future, the real estate landscape in major cities like Copenhagen will continue to evolve, driven by sustainability, accessibility, and community-centric designs. Skanska remains committed to reshaping urban living while navigating this exciting period of growth.