DENMARK: EAC SELLS OFF PORT AREA

Article Abstract:

East Asian Company (EAC/OK) is selling off the former soya-bean cake plant area at Islands Brygge, the port of Copenhagen. The construction company NCC Denmark has acquired the rights to 35,000 sq. metres building areas, and the developer Sjaelso Gruppen another 30,000 sq. metres. In all, the area totals 200,000 sq. metres building rights. 50% will be commercial premises and 50% housing estate. EAC expected the sell-off period to total 10-15 years when the plan was launched in 1998, but thanks to the positive development of the economy, the first stage is likely to be finished within not more than two years.

Commercial and Institutional Building Construction, Office Buildings, Commercial Buildings, Office construction, Commercial construction

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DENMARK: JM DENMARK ACQUIRES BUILDING SITE

Article Abstract:

JM Denmark, a subsidiary of the Swedish company JM, has acquired an 18,700 sq. metres building site in Copenhagen, part of the so-called Sojakagegrunden ("The Soya-bean cake ground"). The company is planning to build 170 flats on the ground. In all, the ground totals 215,000 sq. metres. DS Industries, a subsidiary of the Danish company East Asian Company (EAC/OK), has previously sold parts of the ground to other investors.

Real estate agents and managers, Residential construction, not elsewhere classified, DS Industries, JM

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SWEDEN: NORDEN INVESTS IN MALMO

Article Abstract:

The Danish real estate company Norden has invested more than 300mn (USD 42mn) in Malmo, southern Sweden, in the past nine months. The company has acquired 22 houses, totaling more than 1,000 flats; in all, 75,000 sq. metres. Director Peter Andreassen says the company will continue investing in Malmo, but not in neighbouring towns. The goal is to own 2,000 flats, which will make operations efficient.

Sweden

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