Colliers Aarhus Delrapport 2023 UK

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Aarhus continues to expand

Aarhus Ø In the district of Aarhus Ø, recent years have seen the completion of a string of prominent buildings, and this new urban district on the waterfront has become a popular city hotspot. Due to the attractive location, Aarhus Ø commands above-average residential rent levels and selling prices. To ensure a varied mix of residents, the City of Aarhus has spec ified that 25% of the residential construction must be non profit housing. In addition, all buildings are required to com ply with energy-efficiency standards according to the City of Aarhus’ objective of Aarhus being a carbon-neutral city by 2030. Lighthouse 2.0, including Fyrtårnet, has now been com pleted. Fyrtårnet is Denmark’s most recent (and tallest) resi dential tower block, standing 45 storeys tall and offering 391 owner-occupied apartments, with more than 90% of apart ments already sold. Nicolinehus (see Office paragraph) has been fully completed, too, offering 25,000 sq m residential space, distributed over 175 owner-occupied apartments. The construction of the large-scale residential project of Bassin 7, located in the cross field between cultural life, ur- ban living and island life, is nearing completion, including the building of Kampanilen, designed by BIG in a unique In recent years, Aarhus has been transform ing to accommodate the strong inflow of new residents. As a result, new residential districts have emerged, but with respect of older districts so as to blend city, nature and history to form a harmonious whole. The following provides an overview of urban development trends.

building style. Kampanilen comprises 75 owner-occupied apartments and one commercial unit, with virtually all owner-occupied apartments sold prior to completion. A redevelopment plan for the former berth of the Mols- linjen ferry link, Pier 3, has now been put into motion. In spring 2023, the City of Aarhus is expected to start the sales process for the area for the purpose of setting up of an area development company. The area is envisaged to offer residential units, green spaces, sports facilities, etc. Aarhus K The district named Aarhus K stretches all the way from Godsbanen to Trianglen – a new residential complex situ ated along Søren Frichs Vej. The district is expected to offer 2,800 residential units in total when fully developed. Aarhus K is home to a new architectural college, New AARCH, named newbuilding scheme of the year by domestic maga zine Byggeri, along with an ownership housing development called Æggepakkeriet. With the completion of Godsbane huset in 2022, the district saw the addition of 76 residential lease units, ranging from 1-room bedsits to 5-room units, all fully let a mere 2.5 months after completion. Development activity at Godsbanen has transformed the area into a diversified central Aarhus district with a great potential for multiple uses. In the area, the student hall of Godsbanekollegiet was completed in 2022, comprising two buildings, Karreen (the block) and Tårnet (the tower), offering a total of 331 bedsits and 29 2-room units. In addition, Lidl is in the process of constructing its new Danish head office in the area. Extending to 20,000 sq m and including a parking garage and concept store, the new Lidl head office is sched uled for occupancy in mid-2023. In proximity of Aarhus K, PensionDanmark has acquired the former 70,000 sq m Stark and Silvan site for the purpose of developing a new urban district dubbed Trælasten. The development is only the second of its kind to achieve DGNB

Aarhus Local market report for Colliers Market Report 2023