TriangleRegion Locations MR2020

Copenhagen Property Market Report 2020

5

Residential development areas

Vejle Bølgen, a luxury residential building complex located directly on the harbourfront instantly became a landmark building with its five characteristic wave-like structures. PFA is investing in a 228 rental flat complex at Flegmade, which is scheduled for completion in 2020. Skudehavnen is the name of a 17,500 sq m residential construction with terraced housing and flats, located directly by the fjord. Kolding Residential development and densification of the city centre has been less pronounced in Kolding than in other comparable cities. Nonetheless, several short- and long-term projects are underway. In November 2018, the Kolding city council announced a plan to dismantle the commercial harbour and re-purpose and -construct the area to residential and recreational uses over the coming 25 years. The project is named Marina City and will include approx 1,000 private berths. PFA has just started a 20,000 sq m residential construction scheme called Fjordbrynet, scheduled for comple- tion in late 2024, while AP Pension heads the construction of 9,680 sq m called Kolding Sky. In addition, approx 38,000 sq m land is currently in public tender next to Kolding Å. Fredericia Kanalbyen is a neighbourhood by the harbour being developed in a partnership between Fredericia Municipality (25%) and Realdania (75%). The area is expected to have 1,200 residential units when fully developed in 20-25 years.