MT Højgaard Holding A/S: MT Højgaard Property Development sells business project in Copenhagen’s South Harbour
08 Januar 2024 - 1:00PM
MT Højgaard Holding A/S: MT Højgaard Property Development sells
business project in Copenhagen’s South Harbour
MT Højgaard Holding’s business unit MT Højgaard Property
Development has entered into an agreement to sell a business
project in Copenhagen’s South Harbour. The sale includes land,
project development and a turnkey project for the construction of
an office building of approximately 10,000 square meters.
The buyer is a company owned by the four trade unions Blik- og
Rørarbejderforbundet (plumbing and pipe workers), Dansk El-Forbund
(electricians), Malerforbundet i Danmark (painters) and Dansk
Journalistforbund – Medier & Kommunikation (journalists, media
and communications professionals), which will move to the new
”Union house” when it has been completed. MT Højgaard Property
Development is also a minority shareholder (17.5%) in the
company.
Construction works will commence in spring 2024 and are
scheduled for completion in Q2 2026. The project will be completed
in accordance with sustainable and energy friendly standards with
DGNB Gold and DGNB Heart certifications.
“We really look forward to constructing and handing over a
state-of-the-art and certified office building to the unions in
2026 to support their joint synergies and their independence at the
same time. For MT Højgaard Property development, this construction
project will mark the end of our year-long development efforts and
presence in Copenhagen’s South Harbour, which we are very proud
of,” says Mads Bøgelund Lauritzen, CEO of MT Højgaard Property
Development.
The four unions will not use all 10,000 square meters, and there
is thus room for other interested unions to become part of the
community.
The lot will also have a new REMA 1000 store and 140 family and
youth housing units, which MT Højgaard Property Development will
construct for PFA Ejendomme.
MT Højgaard Holding’s 2023 outlook remains unchanged with
expected revenue of DKK 9.5-10.0 billion and operating profit
around DKK 400 million before special items.
Further information:CEO Steffen Baungaard and
CFO Rasmus Untidt can be contacted on telephone +45 31 21 68
72.
- MTHH_Investor news 8Jan24
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