Office Locations MR2020

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Location descriptions | Office – Market Report 2020

Harbour districts

The Copenhagen Harbour Districts are characterised by prestigious buildings, offering large-scale and up-to-date office facilities. In the past, the Harbour Districts have been coveted by large-scale office users, including financial institutions, but this seems to be changing. Whereas the southern districts enjoy easy access to the motorway grid and Copenhagen Airport, the northern districts are less fortunate. However, all districts benefit from a central location and are fairly well serviced by public transport, including S-train, metro (in Kalvebod Brygge/Havneholmen scheduled for commissioning in 2024) and bus services. As the buildings in these districts are of a more recent date compared to other parts of the CBD, they typically offer onground or underground parking facilities.  Kalvebod Brygge/Havneholmen This location is one of the most attractive waterfront locations, today commanding the highest rent levels in the Harbour Districts. The district enjoys easy access to the motorway grid, Copenhagen Airport and the Copenhagen city centre. Swedish investor Genesta is redeveloping the former DSB freight terminal at Kalvebod Brygge 32 into more than 30,000 sq m office space, all of which has been pre-let two years prior to completion. Anchor tenant will be Kammeradvokaten, expected to move in in April 2021. Havneholmen, developed mainly by Skanska, has in recent years been successful in attracting several corporates such as MSD, Pandora and Aller Media, making it a popular mixed-use office and residential district. At Havneholmen, development includes the 31,500 sq m Cph Highline office building, with stage 1 scheduled for completion in 2020 and 85% pre-let to GlobalGonnect.  Christianshavn Christianshavn, located on the Amager side of the harbour, is a popular mixed-use residential and office area with a special

ambience due to scenic canals and the old fortification line. Redeveloped old warehouses and modern office buildings blend together. However, parts of the office stock is relatively dated and inflexible. Major occupiers include ministries, banks and other financial institutions as well as creative businesses, including architects and advertising agencies.  Islands Brygge This former industrial area, located also on Amager, opposite Kalvebod Brygge and Havneholmen, has over the past 15 years been redeveloped into an attractive city district with housing and offices. The area benefits from easy access to both the city centre, the motorway grid and Copenhagen Airport. The office stock is characterised by former industrial buildings, which have been redeveloped.  Nordhavn Currently under development, the vibrant and prestigious new city district of Nordhavn houses several financial businesses and law firms, valuing the up-to-date, space-efficient and flexible office premises in the area and its ample parking facilities. With its proximity to the city centre and attractive waterfront location, Nordhavn has evolved into an extension of the existing Copenhagen CBD in competition with Kalvebod Brygge and Tuborg Nord further north. The district benefits from proximity to Nordhavn S-train station, and with two metro stations opening in April 2020, access to the entire Greater Copenhagen area will improve. In addition, the new Nordhavnsvej has improved access to the northern part of the motorway grid. Existing office users in the district include PwC, KPMG and a range of domestic pension funds. Nordhavn is home to spectacular office buildings such as the highly sought-after Portland Towers, but the inner areas around Sundkrogsgade have been prone to some vacancy, with a combination of high rent levels and significant construction activity somewhat dampening demand.