Triangle_Region__Locations_Online_MR19

Copenhagen Property Market Report 2019

9

Fredericia Fredericia’s location in close proximity to the north-south E45 motorway and east- west E20 motorway benefits logistics companies in particular, but also manufacturing companies have settled in the region on this account. The region provides a very exten- sive recruitment base, supported by Odense, Aarhus and most of southern Jutland being located within a one-hour radius, travelling by car. The port of Fredericia is Denmark’s largest commercial port. In the past, the port was used mainly for industrial purposes, in particular by Fredericia Shipyard and Shell. As a result, the area has no large-sized up-to-date warehouse or logistics companies. Production companies in Fredericia have instead opted for locations with motorway proximity, namely DanmarkC and Taulov, the latter being home to a combi-terminal where several companies are located, including Danske Fragtmænd, PostNord, Leman and Cirkel K. Also by Taulov, Google is constructing a DKK 4.5bn, 46,000 sqm data centre expected to employ 150 software engineers, electricians, etc. The construction is scheduled for completion in 2021, while stage one is scheduled to be delivered next year. Outside Fredericia, along the E20 motorway just east of Taulov, lies the vast business district known as DenmarkC. With development starting more than a decade ago, this district today houses a variety of manufacturing and logistics businesses. As indicated by the name, the district is located at the very centre of Denmark, which has made it a popular location. Sanistål, Arla Foods, DHL, PostNord and Blue Water Shipping all have major logistics facilities here.

INDUSTRIAL/LOGISTICS 1

Change

Market Expectations

Typical rent levels

2016

2017

2018

2019

2018-19 2019

350 200 350 200 375 200

350 200 350 200 400 225

350 200 375 200 425 250

350 200 400 225 450 275

0% 0% 7%

Prime

Vejle

Secondary

Kolding

13%

6%

Frederica

10%

1 Industrial includes production, storage and logistics facilities. Note: Rent levels quoted in DKK per sqm p.a. exclusive of operating costs and taxes. Market expectations indicate trend forecast for the next 12 months. Source: Colliers International