Locations descriptions.Office

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Copenhagen Property Market Report 2018

(11) Sydhavnen Having evolved as one of the most prominent Copenhagen office locations in the early to mid-2000s, Sydhavnen (the south harbour) suffered a severe blow during the financial crisis. In the golden 2000s, telecommunications companies flocked to new single-tenant properties on the waterfront at Sluseholmen and Frederikskaj. Both enjoy easy access to the Copenhagen road grid, the motorway grid and Copenhagen Airport, making them ideal locations considering the land prices at the time. However, the financial crisis caused these telecommunications companies to downsize or relocate. Coupled with an increasing emphasis on public transport access, vacancy rates began to surge in the district. In recent years, conditions have improved, with educational institutions such as Aalborg University absorbing a substantial share of vacant office space. Connecting Sydhavnen with the remaining parts of Copenhagen, a bridge now spans the fairway of Teglværksløbet, and the Copenhagen Metro line will expand to the district in 2023. One Metro station is expected to open at Sluseholmen, which will serve to reposition the district as an attractive office location. Havnestad, developed mainly by Skanska, has in recent years been successful in attracting several corporates such as MSD, Pandora and Aller Media, making it a popular mixed-use office and residential district. The project branded Highline by Skanska is in the pipeline, offering additional modern office space close to Copenhagen. (12) Amager/Ørestad Located south of the Copenhagen CBD, the island of Amager benefits from close proximity to the Copenhagen city centre and excellent infrastructure, with easy access to the motorway grid, railway links, two Metro lines and Copenhagen Airport. Furthermore, the fixed links to Sweden and Avedøre Holme provide access to Scandinavia and large industrial areas, respectively. Ørestad is dominated by up-to-date, space-efficient properties, whereas other parts of Amager contain a large share of older office and production facilities. Locations such as Islands Brygge and Prags Boulevard have seen a dramatic transformation, with industrial properties converted into up-to-date office premises but retaining many of their original features.

Ørestad has positioned itself as a key non-CBD office location and transport hub, still providing plenty of development opportunities. The location caters