Colliers Copenhagen Property Market Report 2019

39

Copenhagen Property Market Report 2019

Utility value converges towards free market rent level

Structural change in age distribution

10% 15% 20% 25% 30%

2,500

8%

14%

2,000

20%

1,500

1,000

0 500

0% 5%

10

E20 E19 18 17 16 15 14 13 12 11

10

15

20

25

30

35

40

45

0-20

21-30

31-40

41-65

+66

Prime market rent

Utility value

Note: Prime market rent is based on new residential properties. Utility rent is based on prime rent for the old housing stock. Rent is quoted in DKK per sqm p.a. Source: Colliers International

Note: Distribution of inhabitants by age, 2010-2045, Copenhagen.

Source: Statistics Denmark

Supply pipeline of building rights is limited in view of current population forecast

Nordhavn 1,700,000 sqm

Total remaining 2,800,000 sqm

Copenhagen

Site

Development start

Development end

Nordhavn

2013 2000

2050 2021

Ørestad

Carlsberg City District 250,000 sqm

F.L. Smidth and Grønttorvet Sydhavnen Amager Strandpark

2011

2022

Amager Strandpark 200,000 sqm

2004

2025

F.L. Smidth and Grønttorvet 150,000 sqm

2006

2022

Carlsberg City District

2012

2024

Note: Estimated remaining building rights in sqm, City of Copenhagen.

Ørestad 275,000 sqm

Sydhavnen 225,000 sqm

Sources: By & Havn, City of Copenhagen, Carlsberg Byen and Colliers International