Residential__Locations

5

Copenhagen Property Market Report 2018

residential use completed in 2005–2010, the remaining stages are expected to be completed by 2020. When fully developed, the area will contain some 1,200 dwellings and 35,000 sqm commercial space. In the southern part of Valby, Valby Syd, a large-scale conversion scheme has transformed industrial areas into attractive retail and office spaces. This has attracted several shops and firms operating in the service sector, including several government agencies, or creative industries. Together with the improved public transport access supported by the upcoming extension of the Copenhagen Metro and the Ringstedbanen rail link, connecting to Ny Ellebjerg station, this provides an ideal setting for attractive mixed-use residential and office premises. Developers and investors in the area are leveraging the mounting demand for affordable housing by middle-income groups as the area meets their requirements of central location, accessibility and attractive urban living. The Carlsberg City District The redevelopment of the former Carlsberg Brewery site is well underway, creating an entire new city district, the Carlsberg City District, with a distinctly urban ambience to outrival the neighbouring districts of Frederiksberg and Vesterbro. With planning provisions allowing for high- density building, the district is designed to offer an intimate setting of streets, squares and open spaces. The district is located in close proximity to green spaces and will benefit from easy access to public transport with two new Metro stations scheduled to open in neighbouring districts in 2019 and the relocation of Enghave station (now Carlsberg station) to a more ideal location in the south-eastern part of the district. Overall, the master plan adopted for this 25-hectare area allows for the construction of some 3,100 residential units, in addition to commercial space, including the 55,000 sqm Campus Carlsberg of university college UCC. So far, demand for housing in the district has been exceptionally strong, with prospective buyers camping overnight to secure one of the commonhold units offered in off-plan sales.