Skanska’s Denmark strategy over the review period centred on building and recycling prime, sustainability-led assets in Greater Copenhagen while de-risking through forward transactions and securing demand early. The approach combines disciplined capital rotations and selective development in offices and hybrid hospitality, underpinned by measurable ESG commitments.
This playbook was evident at Hørkær Have in Herlev, a 264-apartment scheme that Skanska secured via a forward purchase agreement with Nordic real estate investor NREP. Construction finished in summer 2025 and the asset was fully leased at divestment. Skanska also used the project to move biodiversity policy from pledge to practice: by April 2025, it had implemented a site-level programme by tailored planting plans and resident education delivered through QR-coded signage.
Skanska’s approach combines disciplined capital rotations and selective development in offices and hybrid hospitality, underpinned by measurable ESG commitments
In the office market, Skanska pushed product differentiation and early leasing at CPH Pulse, its flagship multi-tenant office in Copenhagen. Despite a tough market, the building was 95% pre-let by February 12, 2025, with only about 740 sqm remaining a year ahead of completion. Amenities such as secure basement and ground-level parking, extensive bicycle facilities, and end-of-trip showers and lockers position the asset for active commuters. In February 2025, CPH Pulse became the first office in Copenhagen to be pre-certified DGNB Platinum, reinforcing its sustainability credentials.
Skanska is also diversifying into hospitality-living. In September 2024, it agreed another forward deal with NREP for an approximately 13,000 sqm hybrid hotel and long-stay project in Ørestad, with roughly 210 hotel rooms and 125 long-stay apartments. After design updates, construction is slated to begin in December 2025.
