Colliers København Delrapport 2023 UK

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Jernbanebyen Involving approximately 365,000 sq m floorspace and owned by DSB Ejendomsudvikling and Freja Ejendomme, Jernbanebyen (railway city) is one of Copenhagen’s larg est development areas, and one of the very last in central Copenhagen. Jernbanebyen has its own characteristic identity, shaped by the area’s former industrial identity as a hub for railway traffic. Today, for instance a former railway depot has been repurposed into a community centre/venue. In addition, the area forms a natural link between the modern skyline of Sydhavn and historical Vesterbro. These factors are fun damental to the overall vision of creating a new city district that combines the best qualities of both worlds, the present and the past: innovation and sustainability with history and singularity. Development activity is scheduled to start in 2024, with completion taking place over an estimated 8- to 10-year period.

with former facilities being preserved and repurposed for public-oriented uses.

Further urban development of the area is expected to begin within the next 5-10 years, involving some 1.5-2 mil lion sq m space. Refshaleøen will be linked to a new branch of the Copenhagen Metro. In addition, there are ongoing negotiations concerning a possible harbour tunnel from Nordhavn, west of the area. Supported by the planned infrastructure projects and the area’s city proximity, the ambition is to create a new and modern city district that retains its industrial identity by pre serving some of the historical and iconic shipyard buildings. Lynetteholmen Lynetteholm is a grand-scale landfill development that is intended to form an extension of Refshaleøen. Although still on the drawing board, the development has received broad political backing. When completed, Lynetteholm will be a brand-new 2 million sq m city district in the Sound, connecting Nordhavn and the motorway grid on Amager via an eastern ring road. In addition, the district is to be lin ked to the Copenhagen Metro. Construction start is sche duled for 2035, and on completion the district is envisaged to accommodate as many as 35,000 residents. In addition, Lynetteholm is part of Copenhagen’s catalogue of actions on climate change in terms of rising sea levels.

Refshaleøen In the past, the islet of Refshaleøen on the central

Copenhagen Local market report to Colliers Market Report 2023

Copenhagen waterfront was home to one of the world’s largest shipyards, B&W. When B&W went bankrupt in 1996, it marked the beginning of a slow transformation of the entire area. Today, Refshaleøen is an emerging city district with housing, offices, grocery shops, restaurants and art gal leries, etc. It still retains some markings of its industrial past,

Typical net initial yield requirements

Residential

Change

2020 3.50% 3.75% 4.00% 4.25% 3.75% 4.00% 3.75% 4.25%

2021 3.25% 3.75% 3.75% 4.25% 3.75% 4.00% 3.75% 4.25%

2022 3.00% 3.50% 3.50% 3.75% 3.25% 3.50% 3.25% 3.75%

2023 2022-2023

Copenhagen K

Prime

3.25% 3.75% 3.75% 4.00% 3.50% 3.75% 3.50% 4.00%

25 bps 25 bps 25 bps 25 bps 25 bps 25 bps 25 bps 25 bps

Secondary

Copenhagen NV

Prime

Secondary

Frederiksberg

Prime

Secondary

Valby

Prime

Secondary

Note : Net initial yields, new residential units of 75-80 sq m, ground-floor and penthouse units excepted, Copenhagen. Level in 2023 indicates Colliers' estimation at year-start . Source : Colliers.