Skanska Sells Hørkær Have Project in Denmark to NREP for DKK 737M

Skanska Sells Hørkær Have Project in Denmark to NREP for DKK 737M

(IN BRIEF) Skanska has sold the Hørkær Have multi-family rental project in Herlev, Denmark, to NREP for DKK 737 million. The project, spanning 22,720 square meters, will feature 264 rental apartments with associated parking spaces, all equipped for electric car charging. Notably, instead of traditional parking areas, the project will boast a communal green garden designed to support biodiversity, irrigated with harvested rainwater. The development is pre-certified under the DGNB green certification at the Gold level and is expected to be completed by June 2025.

(PRESS RELEASE) STOCKHOLM, 12-Jun-2024 — /EuropaWire/ — Skanska, a leading construction and development company, has successfully divested the Hørkær Have multi-family rental project in Herlev, Denmark, to NREP for DKK 737 million, approximately SEK 1.1 billion. The transaction, slated to be recorded in the Commercial Development stream in the second quarter of 2024, is set to be finalized upon project completion in the second quarter of 2025.

Situated in central Herlev, adjacent to the train station and future light rail stations to Copenhagen, the Hørkær Have project spans 22,720 square meters. It will comprise 264 rental apartments and an equal number of parking spaces, all designed with electric car charging stations. Notably, the project’s innovative approach replaces traditional parking spaces with a communal green garden, fostering biodiversity through carefully researched plant selections.

The garden, irrigated with harvested rainwater, will serve as a hub for tenants, featuring meeting rooms, recreational facilities, and work-from-home amenities within a centrally located building. Furthermore, the project has obtained pre-certification under the prestigious DGNB green certification, achieving the Gold level.

With the first apartments scheduled for occupancy by December 2024 and overall project completion anticipated by June 2025, Skanska’s divestment underscores its commitment to sustainable urban development and innovative residential solutions.

This and previous releases can also be found at www.skanska.com.

Skanska Group uses its knowledge and foresight to shape the way people live, work, and connect. We are one of the world’s largest project development and construction companies, with 2023 revenue totaling SEK 157 billion. We operate across select markets in the Nordics, Europe and USA. Together with our customers and the collective expertise of our approximately 27,000 teammates, we create innovative and sustainable solutions that support healthy living beyond our lifetime.

Media Contacts:

Peter Nymann-Joergensen
Managing Director, Skanska A/S
tel: +45 21 68 61 02

Andreas Joons
Press Officer, Skanska Group
tel: +46 (0)10 449 04 94

Direct line for media
tel: +46 (0)10 448 88 99

SOURCE: Skanska AB