CPH Office__Locations_Online_MR19

Copenhagen Property Market Report 2019

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the district is preferred by law firms, professional and business service consultancies, financial institutions and shipping companies, including the A.P. Moller - Maersk Group, which is headquartered in Frederiksstaden. In addition, the district attracts art dealers with the street of Bredgade housing quite a few galleries. Access by public transport is currently somewhat limited in the innermost parts of the district but will improve greatly with the new Metro station at the Marble Church, Marmorkirken. The availability of parking facilities, on the other hand, is fairly good in the area considering its central location, not least thanks to new underground parking facili- ties in the district.  The Rosenborg District Surrounding Rosenborg Castle and the King’s Garden, the Rosenborg District offers both large-scale office premises and smaller leases in older town houses with a rela- tively space-efficient layout and modern exterior. Both Nørreport station and the Kongens Nytorv Metro station are in the immediate vicinity of the district, with Nørreport offering regional and S-train as well as Metro and bus services. Parking is scarce at street level, but several underground parking facilities are available. Traditionally, the district has been preferred by the media as well as government and quasi-government organisations, but the growing presence of shops and restaurants has had a positive effect on the overall appeal of the district.  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.

The office investment property market continues to thrive, supported by favourable trends in the occupational market.