Locations descriptions.Office

6

Copenhagen Property Market Report 2018

(6) The City Hall and Central Station District Situated near City Hall Square (Rådhuspladsen) and Copenhagen Central Station, this district has transformed in recent years, spearheaded by the spectacular and brand-new Axel Towers office complex. Together with Industriens Hus on the corner of Vesterbrogade and H. C. Andersens Boulevard, Axel Towers has consolidated the district’s status as the most expensive office location in Copenhagen. Today, the district offers a varied mix of relatively efficient large-scale office domiciles with underground parking facilities and small to medium-sized offices in older multi-tenant buildings. The district benefits from excellent access by public transport, with the Central Station serving as an important hub, and the future Metro station at City Hall Square (2019) will further improve conditions. Considered a classic city-centre location, the district is home to major law firms, trade unions, industry associations and financial institutions. In addition, governmental and municipal agencies account for quite a large share of office users. One of the largest and most prominent construction schemes in the district is the upcoming development by a joint venture of pension funds Danica and ATP on the former post office site, Posthusgrunden, at Bernstorffsgade, which over time will add about 75,000 sqm of up-to-date office space to the existing office supply. The development of this site is expected to expand the CBD as well as enhance the district’s position as a central Copenhagen office location. Harbour districts The Copenhagen Harbour Districts are characterised by prestigious buildings, offering large-scale and up-to-date office facilities. In the past, the Harbour Districts have been coveted by large-scale office users, including financial institutions, but this seems to be changing. Whereas the southern districts enjoy easy access to the motorway grid and Copenhagen Airport, the northern districts are less fortunate. However, all districts benefit from a central location and are fairly well serviced by public transport, including S-train and bus services. As the buildings in these districts are of a more recent date compared to other parts of the CBD, they typically offer onground or underground parking facilities.

Sundkrogsgade, Copenhagen