NCC to deliver €49.5m Hellerup resi scheme (DK)

NCC to deliver €49.5m resi scheme in Hellerup (DK)

Danica Pension and NCC have entered into an agreement to build 50 apartments in an attractive location in Hellerup, just north of Copenhagen. The order value is approximately €49.5m (SEK 520m). 


“We are delighted to be building these apartments for Danica. The agreement is the result of a close and trusting dialogue and we look forward to beginning work to realize the visions drawn up for this beautiful area,” said Palle B. Rasmussen, Head of NCC Building Denmark.


Danica Pension acquired the land at Tuborg Syd from Carlsberg in December 2015. In recent decades, the area has been transformed from industrial land into a residential area and the new development is the final stage in this transformation.


“We are pleased to have signed the agreement with NCC for the first stage of the historic construction of tenant-owner apartments in Hellerup. We have positive experiences of NCC as a contractual partner in the development of Tuborg Syd, and we have used early involvement, which resulted in a high-quality property project that will benefit the future apartment owners, our pension customers and Hellerup,” said Robert V.S. Nellemann, Head of Property Development at Danica Pension. “We look forward to starting this major construction project and developing this highly attractive part of Greater Copenhagen, which we believe will become a landmark for Hellerup.”


Construction will begin in the autumn and is scheduled to be completed in 2021.

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