Focus report Copenhagen - Colliers Denmark 2024

OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2024

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However, prime locations in the west corridor offer good accessibility and low rent levels, making the district a sought-after back-office location. In addition, the opening of the Greater Copenhagen Light Rail in 2025 is expected to benefit the areas in and around Glostrup and Brøndby. Valby The district of Valby is currently undergoing massive trans formation, with former disused industrial facilities giving way to new attractive mixed-use commercial and resi dential areas that are expected to appeal to many tenants in the years ahead. The bright outlook is driven mainly by the area’s affordable rent levels, excellent accessibility as well as development opportunities. For instance, the area around Gammel Køge Landevej is currently being lifted, with former industrial facilities being converted into attractive office premises while preserving their industrial exterior. With København Syd (Copenhagen South, formerly known as Ny Ellebjerg station) as a future hub linking also to the Copenhagen Metro (presumably as from summer 2024), the area around Carl Jacobsens Vej has started to attract newcomers, including the Danish Building & Property Agency (Bygningsstyrelsen) as well as acclaimed archi tecture firm Bjarke Ingels Group (BIG). In 2023, Genmab moved into their new head office in a central location on the corner of Gammel Køge Landevej and Carl Jacobsens Vej, while DEAS is planning to relocate to its new head office, a DGNB Gold-certified property at Grønttorvet. The building was developed and completed by NREP. Carlsberg City District Bordering on Valby, Vesterbro and Frederiksberg, on the site formerly used by the Carlsberg breweries, the Carlsberg City District is one of the most exciting urban development zones in Copenhagen. The area has evolved to house multiple new and modern office spaces and domiciles in both historic and listed buildings as well as new builds. This contributes to a distinctive urban envi ronment, attracting a wide range of businesses. Relatively recent newcomers include Visma, taking an office lease of 20,000 sq m, and Roche, relocating to the Carlsberg City District in summer 2022.

In 2023, Boston Consulting Group relocated from Kalvebod Brygge to 10,000 sq m new office premises in a former industrial property, Rød Lagerbygning (red warehouse). In the same year, AstraZeneca announced their arrival in the Carlsberg City District when they moved into their new office space in Carolines Hus. In early 2024, Arla inaugurated their new office in the area, with their international sales office moving from Sluse holmen. The area benefits from easy access to public transport at Carlsberg station and the new metro station at Enghave Plads. Sydhavn Sydhavn (the south harbour) is home to multiple large scale tenants such as TDC, TV2, the National Social Appeals Board and Aalborg University. However, the area is today considered a more secondary office location due to its limited access to public transport. This is despite a building stock that is relatively new, although not newly constructed. However, in 2024, the M4 metro line will be extended, connecting Sydhavn with central Copenhagen and signif icantly improving the infrastructure in the area. At the same time, there is brisk activity here. In 2023, the Danish National Police moved into PFA's property on Frederikskaj and four labour unions are moving into a new large office building, scheduled for occupancy in 2026. Overall, this is expected to contribute to favourable developments in the district, which may well reposition itself as a more attractive office location in the future. Amager/Ørestad Located south of the Copenhagen CBD, the island of Amager benefits from proximity to the Copenhagen city centre and excellent infrastructure, with easy access to the motorway grid, railway links, two metro lines and Copen hagen Airport. Furthermore, the fixed links to Sweden and Avedøre Holme provide access to the rest of Scandinavia and large industrial areas, respectively. Ørestad is dominated by up-to-date, space-efficient prop erties, whereas other parts of Amager contain a large share of older office and production facilities. Locations such as Islands Brygge and Prags Boulevard have seen a dramatic transformation, with industrial properties converted into