Office Locations MR2020

10

Location descriptions | Office – Market Report 2020

 Østerbro Located just north of Langelinie and the Copenhagen CBD, the district of Østerbro offers a wide variety of office premises. In this district, the prime office location stretches mainly along Dag Hammerskjölds Allé and Strandboulevarden, featuring several impressive mansion-style buildings. The area is favoured by embassies and non-profit organisations as it benefits from relatively close proximity to the Copenhagen city centre. Containing several large-scale offices built in 1960– 1980, the area around Lyngbyvej/Lersø Parkallé is generally considered a less prestigious office location. Office leases in the area often fail to meet today’s tenant requirements in terms of space efficiency and flexibility. However, this may be remedied by the improved access to public transport as the new metro line CityRingen calls at several stops at Østerbro.  Nørrebro Situated north-west of the CBD, Nørrebro is first and foremost a mixed-use residential and retail district rather than a characteristic office area as the office premises in the district are of diverse quality with no distinctive office clusters or centres. When it comes to parking, Nørrebro faces some of the same challenges as other Copenhagen city districts as parking is fairly scarce considering the density of the area. In terms of public transport, accessibility has also improved with the new metro station at Nørrebro station, offering also S-train services. While office premises generally fail to meet today’s tenant requirements, Nørrebro appeals to many small and medium-sized creative businesses, including office users in the media and music industries. As part of Nørrebro, Copenhagen Science City (CSC), is spearheading the development of the district as this new location focuses on health and life sciences, cleantech as well as information and communication technologies (ICT). Anchored by the University of Copenhagen, the Metropolitan University Office Copenhagen non-CBD

College and the Copenhagen University Hospital, CSC strives to create a strong knowledge and innovation community. As part of the masterplan, the stretch of Jagtvej between Tagensvej and Lyngbyvej/Nørre Allé is currently undergoing extensive redevelopment. In the more run-down parts of Nørrebro and the north-western city district of Copenhagen NV, old industrial buildings are on a large scale converted for up-to-date office use, with the buildings typically retaining their original industrial-style exterior. This has given new life for instance to the Rentemestervej area of Copenhagen NV and Titangade/Sigurdsgade at Nørrebro. However, complete urban redevelopment will take time, and the process is projected to be ongoing for years to come.  Frederiksberg Encircled by the City of Copenhagen, Frederiksberg constitutes a municipality of its own and is predominantly a vibrant residential district. It enjoys a location close to the CBD and is well serviced by all metro lines. Another advantage of Frederiksberg is the superior availability of parking facilities relative to other central city districts. Frederiksberg contains several pockets of office premises, with the area around Flintholm station establishing itself as a prime office location in recent years. In November 2019, EY moved into its new head office at Flintholm, Flintholm Company House II, developed by NCC, with the Danish Building and Property Agency moving into the former EY head-office premises. Other areas include the Frederiksberg City Hall square with the Rialto landmark building serving as centrepiece and Gammel Kongevej/ Vodroffsvej near the Copenhagen Lakes with Codanhus as the most prominent office building.  Hellerup Hellerup and Tuborg Nord on the waterfront are among the most attractive office areas north of the Copenhagen CBD, featuring a modern office building stock with parking facilities at street level