Aarhus__Locations_Online_MR19

Copenhagen Property Market Report 2019

3

Office

Aarhus has the following four main office locations:

Aahus C/central Aarhus Aarhus C, central Aarhus continues to be the main prime office location, and office prem- ises in this area command somewhat higher rents. The area typically attracts the liberal professions, financial companies and knowledge-intensive professions that value prox- imity to the city centre and want a prominent and visible location in the cityscape. Office premises in this part of the city are typically not up-to-date or space-efficient. However, new office construction is taking place in the area between the central station and the harbour: At Frederiks Plads, a new NCC Company House is let to Horten, SAS Institute and Alektum. In addition, Danske Bank is building a new large-scale office at Sydhavnen, scheduled for completion in 2019. Aarhus N/Skejby Skejby and the surrounding area in Aarhus North, is a highly successful new office area that enables both graduates and students to be recruited due to the city-centre location and the location a short distance from the motorway and light rail stations. However, the area is characterised by heavy traffic during peak hours, which has meant that some tenants are looking to relocate further north. By opting for premises north of Skejby, tenants will typically also achieve a lower rent level than in Skejby. Vestas is one of the primary firms in the area, occupying over 50,000 sqm in the area. Other large office users in the area include ATEA, IBM, Sweco, Willis, G4S, NRGi, Mercuri Urval and Rambøll. Apart from offices, the area also houses the 25,000 sqm north campus of VIA University College and the university hospital, Aarhus Universitetshospital, which, due to being appointed a superhospital, is undergoing a comprehensive expansion and is expected to be fully operational in 2020. Aarhus V Offices in the urban areas Åbyhøj, Brabrand and Aarhus V, which can be categorised as Aarhus West, are typically concentrated around the Ring Road and along the approach roads. There is generally a greater difference in quality than in Aarhus C and Aarhus N, which is reflected in relatively large differences in rent levels. A popular office district has evolved along Viborgvej, attracting several large busi- nesses and new office developments. Tenants in the area include Tryg, Siemens and KPMG. In Aarhus V, the City of Aarhus has taken the first steps in the transformation of the Gellerup neighbourhood, where they will construct a new office building of approx. 20,000 sqm with room for approximately 1,000 employees. It is expected that other new office buildings will be constructed in Gellerup, which may become a new prime office area in Aarhus in the long term.