Skanska invests $86 million in 300-unit Copenhagen community

By Admin
Swedish property developer Skanska has announced investment in a new residential project in Ørestad City, an urban area that makes up part of the...

Swedish property developer Skanska has announced investment in a new residential project in Ørestad City, an urban area that makes up part of the Copenhagen Metro.

Skanska has collaborated with Sjælsøn Management to invest DKK 560 million (approximately $86 million) into the construction of Ø Huset, as designed by Vilhelm Lauritzen Architects. The multifamily community development will feature 300 units totalling 300,000 square foot, and a 4,000 square foot retail space.

The development will include four independent buildings, ranging in height from six to 12 storeys and comprising of two, three, four, and five bed apartments. Each individual unit will have a private balcony and the space between the four structures will serve as a communal green area.

Construction on the build, which will be located nearby to the Bella Center metro station, is set to begin this month, with completion slated for June 2018.

Peter Nymann-Jørgensen, Managing Director of Skanska, told Multi Housing News: “Copenhagen is growing and we see great need for rental housing in varying sizes… many young families want quality accommodation combined with the flexibility of renting.”

The scheme will be Skanska’s latest addition to its growing rental portfolio; the company has previously primarily developed office spaces, but is currently constructing 900 rental apartments throughout Europe’s Nordic states.

 

Follow @ConstructionGL and @BizClikTilly

Share

Featured Articles

Saudi Arabia to build three new stadiums for Asian Cup 2027

Tournament will be hosted across three cities and 10 stadiums, SAFF says

Neoen’s Storen Power Reserve begins construction in Sweden

Notice to Proceed given to Nidec at the end of December 2022, French renewable energy producer says

Masdar works with African countries on renewable projects

Agreements with Angola, Uganda and Zambia will see development of renewable energy projects with a combined capacity of up to 5GW

Select Group awards US$816.7m in construction contracts

Construction Projects

Saipem awarded $1.2bn contracts for Guyana and Egypt project

Construction Projects

Saudi Arabia dominates MENA construction sector in 2022

Facilities Management