Office Locations MR2020

Location descriptions | Office – Market Report 2020

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Amager/Ørestad Located south of the Copenhagen CBD, the island of Amager benefits from close proximity to the Copenhagen city centre and excellent infrastructure, with easy access to the motorway grid, railway links, two metro lines and Copenhagen Airport. Furthermore, the fixed links to Sweden and Avedøre Holme provide access to Scandinavia and large industrial areas, respectively. Ørestad is dominated by up-to-date, space-efficient properties, 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 up-to-date office premises but retaining many of their original features. Ørestad has positioned itself as a key non-CBD office location and transport hub, still providing plenty of development opportunities. The location caters to the requirements of a wide range of tenants in terms of space-efficiency, flexibility and accessibility. Furthermore, the profile of the location is more low-key compared to some CBD areas, including Nordhavn, while still offering up-to-date office space at moderate rent levels. These factors have been crucial in establishing the area. Major office users in Ørestad include Nordea, Rambøll, and a large number of international companies such as Nestlé, Q8 and 3M, taking advantage of a perfect infrastructure with metro, train, direct motorway access, and the proximity to Copenhagen Airport. In addition, the area has recently attracted a new type of tenant, with the Philippine Embassy moving in at Arne Jacobsens Allé 13 in Ørestad in November 2019. A new development area near Copenhagen Airport, Scanport, is currently emerging. Hoping to leverage the proximity to Copenhagen Airport, the fixed link to Sweden and the metro line, Scanport plans to offer close to 100,000 sq m of commercial space on completion with a sizeable proportion for office use. Years ago, Ferring Pharmaceuticals decided to relocate to Scanport from Ørestad, and in 2017 construction started on the new 30,000 sq m head-office building, which is scheduled for completion in 2020.

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 Ny Ellebjerg station as a future hub linking also to the Copenhagen Metro (as from 2023), the area around Carl Jacobsens Vej has started to attract newcomers, including the Danish Building & Property Agency (Bygningsstyrelsen) as well as acclaimed architect company Bjarke Ingels Group (BIG). Bordering on Valby, Vesterbro and Frederiksberg, the site formerly used by the Carlsberg breweries is one of the most exciting urban development zones in Copenhagen. In the Carlsberg City District, educational facilities of 55,000 sq m have already been established and the first office tenants have moved in, e.g. Arkitema Architects, Accenture and Spaces. In addition, Carlsberg will move into its headquarters in March 2020 and Visma has pre-let 20,000 sq m. Sydhavnen Having evolved as one of the most prominent Copenhagen office locations in the early to mid-2000s, Sydhavnen (the south harbour) suffered a severe blow during the financial crisis. In the golden 2000s, telecommunications companies flocked to new single-tenant properties on the waterfront at Sluseholmen and Frederikskaj. Both enjoy easy access to the Copenhagen road grid, the motorway grid and Copenhagen Airport, making them ideal locations considering the land prices at the time. However, the financial crisis caused these telecommunications companies to downsize or relocate. Coupled with an increasing emphasis on public transport access, vacancy rates began to surge in the district. In recent years, conditions have improved, with educational institutions such as Aalborg University absorbing a substantial share of vacant office space. Connecting Sydhavnen with the remaining parts of Copenhagen, a bridge now spans the fairway of Teglværksløbet, and the Copenhagen Metro line will expand to the district in 2023. One metro station is expected to open at Sluseholmen, which will serve to reposition the district as an attractive office location. The area benefits from easy access to public transport in terms of Carlsberg station and the new metro station at Enghave Plads.

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