Europe is full of opportunities. Are you sure you’re making the right business choices?

Major international companies in the building and construction industry are choosing to work in Greater – and it’s easy to see why

Photo: Ty Stange IKONER / GREATER COPENHAGEN

INGEBORG EIKILL REVIDERET 27.01.2017

EKSISTERENDE GODKENDTE IKONER

REDESIGNEDE IKONER

1: ARBEJDSKULTUR 2: WORK / LIFE BALANCE 3: SKATTETRYK 4: GRØN BY 5: WORLDS MOST LIVEABLE CITY 6: GOURMET

A solid foundation for Greater Copenhagen is IKONER / GREATER COPENHAGEN INGEBORG EIKILL successful business enterprises open for business REVIDERET 27.01.2017

7: HOUSING 8: ARBEJDSKULTUR 9: LEVEOMKOSTNINGER 10: HYGGE 11: LIGESTILLING 12:EKSISTERENDE TRUST GODKENDTE IKONER

The building and construction industry in Greater Copenhagen is thriving. Investor confidence is high and profits are healthy – but bids are in IKONER / GREATER COPENHAGEN INGEBORG EIKILL short supply. REVIDERET 27.01.2017

13: FÆLLESSKAB 14: FESTIVALER 15: JOB TIL PARTNEREN 16: MEET THE DANES 17: BØRNEINSTUTIONER OG SKOLER 18: ARBEJDS- FAMILIELIV

EKSISTERENDE GODKENDTE IKONER Europe’s most Low company flexible labour market REDESIGNEDE IKONER tax 19: PRODUKTIVITET 20:No. EASE OF DOING BUSINESS 1 21: ARBEJDSKRAFT 22: DIGITALISEREDE SAMFUND 23: FINANCIEL TEKNOLOGI 24: REGULATORY SANDBOX in Europe for time and predictability of ’s labour market is the second best in the world, Denmark’s company tax local plan process if you want flexible hiring and firing legislation and mi- is 22%, placing the coun- nimum wage regulations, proving superb conditions for1: ARBEJDSKULTUR try below2: WORK / LIFEthe BALANCE average 3: SKATTETRYK 4: GRØN BY 5: WORLDS MOST LIVEABLE CITY 6: GOURMET The World Bank, 2016 scaling your business up and down. OECD and EU level. 25: FINTECH/IT MEDARBEJDER 26: SPROG/SAMTALE REDESIGNEDE IKONER

No double taxation 7: HOUSING 8: ARBEJDSKULTUR 9: LEVEOMKOSTNINGER 10: HYGGE 11: LIGESTILLING 12: TRUST – perfect for Nordic “ 1: ARBEJDSKULTUR 2: WORK“ / LIFE BALANCE 3: SKATTETRYK 4: GRØN BY 5: WORLDS MOST LIVEABLE CITY 6: GOURMET Europe’s World’s 3rd most Denmark is eager for more international companies to expansion attractive staffing participate in tenders for major building projects. Foreign easiest place market players with special competencies and innovative, ef- for business, ficient building methods are particularly welcome and Staffing Industry Analysts, 2012-2017 2017 stand an excellent chance of winning business. In Denmark, foreign branches of a Danish company are 13: FÆLLESSKAB 14: FESTIVALER 15: JOB TIL PARTNEREN 16: MEET THE DANES 17: BØRNEINSTUTIONER OG SKOLER 18: ARBEJDS- FAMILIELIV not liable to paying tax in Denmark. No other Nordic The World Bank 7: HOUSING 8: ARBEJDSKULTUR 9: LEVEOMKOSTNINGER 10: HYGGE 11: LIGESTILLING 12: TRUST European companies working in Greater Copenhagen get country offers such favourable tax rule. the strength and dependability of a complete package: an inclusive and co-operative industry, excellent ROI, a buoyant economy, readily available skilled labour and an The least corrupt effective, transparent construction process. Easy to 19: PRODUKTIVITET country20: EASE OFin DOING the BUSINESS world 21: ARBEJDSKRAFT 22: DIGITALISEREDE SAMFUND 23: FINANCIEL TEKNOLOGI 24: REGULATORY SANDBOX Competitive IMD 2016 Greater Copenhagen is a great place to live, too. It is safe, set up a business costs 13: FÆLLESSKAB 14: FESTIVALER 15: JOB TIL PARTNEREN 16: MEET THE DANES 17: BØRNEINSTUTIONER OG SKOLER 18: ARBEJDS- FAMILIELIV clean and well-functioning. There is a strong infrastruc- business ture, most people speak English and the quality of life is very high. Danish social security rates and employer costs per

It takes only 48 hours employee are the lowest in Europe. Copenhagen is25: 15-FINTECH/IT MEDARBEJDER 26: SPROG/SAMTALE Establishing a business presence in Greater Copenhagen to set up a business in 20% cheaper than Stockholm in terms of salary, social No. 1 in the world for is quick and easy. From there to winning tenders and cut- Denmark, and registration security costs and office rent when operating a Scandina19:- PRODUKTIVITET green20: EASE technologyOF DOING BUSINESS 21: ARBEJDSKRAFT 22: DIGITALISEREDE SAMFUND 23: FINANCIEL TEKNOLOGI 24: REGULATORY SANDBOX ting the ribbon on a finished project, you can be sure that is done online. vian HQ or shared services centre. solutions your business in Greater Copenhagen will be secure, stable IMD 2016 and transparent.

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25: FINTECH/IT MEDARBEJDER 26: SPROG/SAMTALE A dynamic, North Zealand Hospital Glostrup Hospital

Designed by Herzog & de Meuron and Vilhelm Lauritzen Ar- Glostrup Hospital will receive a new neuro rehabilitation fa- expanding pipeline chitects, the new North Zealand Hospital will set new stan- cility with 125 patient rooms distributed across the 25,000m2. dards in healthcare design and delivery. The hospital is ba- Patients, relatives and staff will be able to work together to sed on social, economic and environmental sustainability. ensure that the patients regain as normal a life as possible.

Greater Copenhagen is a social and commercial force to be reckoned with, Project timeline: 2010-2021 Project timeline: 2011-2019 Budget: EUR 550m Budget: EUR 90m acting as a gateway between Northern Europe and the rest of Scandinavia. Site size: 115,000 m2 Site size: 25,000 m2 Build type: New build (greenfield) Build type: New build Current tenders: New tenders: • Enabling: pre-qualification process October 2017 • The project is offered in 6 stages: construction site, shed, • Services/MEP: pre-qualification process August 2018 closure, technology accommodation and landscape. • Interiors and fit-out: pre-qualification process August 2018 In the space of a few years this dynamic region will see the A new breed of modern healthcare addition of ultra-modern high-tech super hospitals, educa- • External works and landscape: pre-qualification tional facilities, new residential areas as well as infrastructure construction process August 2018 Køge Hospital extensions. Over the next 10 years, Denmark is investing more than EUR The University Hospital in Køge is scheduled for completion 5.4 billion in hospital facilities. Of the 16 nationwide projects These developments are in safe hands. Danish planners, lo- by 2022 and has a capacity of 830 beds. With a catchment currently planned, 7 so-called super hospital new build, ex- cal authorities and politicians are taking the necessary steps Hospital area of about 290,000 people representing one-third of the tension and modernisation projects in Greater Copenhagen to ensure the entire process unfolds smoothly, effectively regional population, it will be Region Zealand’s main hospital. are still open for tenders. Budgets range from EUR 87 million and with minimum impact on the environment. The new super hospital is scheduled to be completed in to EUR 0.9 billion. 2025 but must operate at full capacity during the whole Project timeline: 2011-2022 construction period. The whole construction process has Budget: EUR 540m been meticulously planned and will be carried out using the Site size: 195,000 m2 newest construction knowhow and technologies. Build type: New build and modernisation Future tenders: Project timeline: 2010-2025 • Building project TE01 – Bed wards & treatment facility. Budget: EUR 400m. Greenfield construction of 110,000m2 in connection Site size: 132,800 m2 with the existing hospital and demolition of 17,000 m2. Build type: New build and modernisation The contract is expected to be put out to tender at Current tender: Somatic sub-project at Bispebjerg the end of 2017. hospital (Akuthuset). • Building project TE02 – Laboratories, sterilisation Tenders in 2017 and 2018: centre and clinical physiology structure; 15,000m2. • Construction tender for mental health centre will be The contract will be put out to tender mid-2019. published in 2017: Budget EUR 77m • Reconstruction of the goods reception structure and a • Construction tender for general hospital building will smaller apothecary unit, project size 4,200m2, will be be published in 2017: Budget EUR 160m put out to tender at a date yet pending.

University Hospital in Odense – Somatic Hospital

The new university hospital in Odense (OUH) is Region South The expansion and modernisation of Helsingborg Hospital is Denmark’s new university hospital, which will replace the designed as a single building where the architecture relates existing “Odense Universitetshospital”. The hospital will be both to the existing hospital and the surrounding city. The physically connected to the university. car park will also be extended.

Project timeline: 2008-2022 Project timeline: 2015-2025 Budget: EUR 0.9bn Budget: EUR 500m Site size: 232,000 m2 Site size: 136,000 m2 Build type: New build Extension size: 36,000 m2 Build type: New build / extension of previous structure.

4 North Zealand Hospital © Herzog & de Meuron - Vilhelm Lauritzen Architects 5 Photo: Nicolai Perjesi It’s full speed ahead for Greater Copenhagen

In 2016, realised construction and site development projects in Greater Copenhagen topped EUR 4 billion – an increase of 42% from 2012.

Private construction is driving the trend, and massive public investment in urban development areas is predicted to lead to significant increases in business activity in the building and construction sector over the next 4-5 years.

Photo: Entasis Copenhagen North Harbour

Carlsberg Byen The North Harbour is an old industrial har- bour being turned into a new residential The development of Copenhagen’s new central urban and business waterfront area, approxima- neighbourhood between and Vester- tely 5 km from the city centre. The first bro is well underway. This previously industrial area offices opened for business in 2014, and will be transformed into a new urban area defined the first residential homes were occu- by modern architecture, green gardens, narrow stre- pied in 2015. There are further plans for ets and large open spaces. In 2016 the first people day care centres, schools, sports facilities moved into their new homes, however the project and the like, which will be developed as is far from completed. Upon its completion, Carls- the district expands. Two metro stations berg Byen will consist of 3,000 residences spanning will open before 2020, reinforcing the 600,000m2 of mixed construction, from modernised connection to Copenhagen city. industrial buildings to greenfield builds.

Ørestad Syd Sydhavnen

The coming Ørestad Syd will offer a green In the Southern port areas of Copenhagen, city focused on people, nature, activities the city areas “”, “” and health. Its placement is ideal, bordering and “” are being developed. on the largest wildlife area in Denmark “Sluseholmen” and “Teglholmen” are cur- while still being close to the national in- rently inhabited by 3,500 citizens, however frastructure ( and the upon the completion of this development, E20). The urban development site spans Sydhavnen is expected to accommodate 300,000m2 with a great deal of land still 9,000 inhabitants and 22,500 jobs. available for purchase and greenfield con- struction. Construction tenders will be of- fered throughout 2017 and 2018.

Photo: Nicolai Perjesi Photo: Ursula Bach, TMF 6 7 Copenhagen Science City © C.F. Møller

Infrastructure – planning for a prosperous future

Over the next ten years Greater Copenhagen will see a number of vast public infrastructure investments. There is great potential for non-Danish companies to secure attractive tenders within a wide variety of business areas.

Region Skåne © Christiaan Dirksen

Photo: Copenhagen Airport

Swedish traffic administration Copenhagen Airport expansion infrastructure projects Awarded “Most efficient airport in Europe” by ATRS 10 times From 2017 to 2019, the Swedish traffic administration will be in the past 12 years, Copenhagen Airport will be expanded to offering a large number of attractive tenders on infrastruc- handle up to 40 million passengers annually – almost twice ture projects with a total budget of EUR 300 million. its current capacity. The Copenhagen Airport development plan reaches roughly 25 years into the future. The expansion has a budget of EUR 1.5bn.

The Technical University of Denmark (DTU)

The comprehensive transformation of The Technical Uni- Science City Copenhagen versity of Denmark’s buildings and infrastructure includes a large number of building projects aiming to create the best Copenhagen Science City is already integrated into the conditions for a world-class technical university and to bring existing urban environment, and the planned investments R&D companies closer to the university’s talent. will expand the area’s capacity for established businesses, start-ups and research activities even further. Copenhagen In 2010-2021, DTU is investing more than EUR 672m in cam- Science City has recently seen the completion of Maersk pus development including 500,000 m2 commercial proper- Tårnet, a 75-metre, 42,700m2 structure that will be used by ty on and around the campus, and 400,000 m2 research and the Health Science Faculty of Copenhagen University for re- learning facilities on campus. search laboratories, auditoriums, class rooms and a canteen.

Area size: 1,000,000 m2 Residents: 10,000 Jobs: 31,300 Students: 30,000

8 Research facilities for civil engineering © Christensen & CO architects 9 Scandic Spectrum, Photo: Scandic Greater Copenhagen never stands still

What’s in the pipeline is as impressive as what has already been set in motion. The region is determined to reinforce its status as the gateway to Scandinavia as well as ensuring its continuous social development and economic expansion.

H. C. Andersen Adventure Tower Eastern Bypass harbour tunnel

The adventure tower will be an iconic landmark for Copen- The new harbour tunnel will service new urban develop- hagen, providing an enchanting family experience for new ments close to the city centre and improve access to Copen- and old admirers of the wonders of H.C. Andersen’s fairy hagen Harbour and Copenhagen Airport, binding together tales. The tower will be a first-of-its-kind, 280-meter high- the road network east around the main capital and decon- rise theme park which aims to inspire and entertain tourists gest traffic in central Copenhagen. and citizens with fairy tales and adventures. Located in Co- penhagen North Habour, the Tower is easy to reach by public Budget: minimum EUR 1.2bn and private transport, for example from Copenhagen’s cruise Tenders will be put out in 2019 ship terminals.

Project: Tower, shops, apartments and amusement park Budget: EUR 875m Danish railway network Location: Copenhagen North Harbour area Site size: 85,000 m2 Banedanmark is the Danish company responsible for main- Tower height: 280 metres tenance and traffic control of most of the Danish railway net- Project launch: 2018-2019 work. Throughout 2017, 2018 and 2019, Banedanmark will of- fer a large array of infrastructure tenders exceeding 14 million euros each. These tenders span projects all over Denmark, for example: New Scandic Hotel, Kalvebod Brygge Q3 2018: Railway modernisation in Ringsted To accommodate Greater Copenhagen’s booming tourist Q2 2019: Track modernisation in Copenhagen bednights, Scandic Hotels’ largest and Copenhagen’s 4th largest hotel is underway. The hotel will have 632 rooms, many restaurants and large fitness, meeting and conference facilities. The hotel is designed by Dissign+Weitling architects and is owned by a Nordic joint-venture between Havfonn A/S and Hathon Holding.

Project timeline: 2017-2021 Budget: EUR 200m Site size: 40,000 m2 Location: Copenhagen, Kalvebod Brygge

11 BLOX Building Photo: Ty Stange The future of urban development is sustainable construction

From 2020, new buildings in Denmark must use 75% less energy than new buildings from 2010. Denmark is the only country in the world with this ambitious legislation.

VM Mountain in Ørestad City Photo: Ty Stange

Permission to play Carbon neutral by 2025

Because sustainable building is a basic condition for new devel- In Denmark, Copenhagen’s goal of being carbon neutral by opment, it is an area that Danish and foreign companies must 2025 is heavily supported by national initiatives. World-famous adapt to – and compete in. As well as leading to very high envi- architectural practices like BIG, 3XN, CF Møller, Arkitema and ronmental standards in new construction in Denmark, this pres- Henning Larsen Architects all have their headquarters in Co- sure has helped to phase out a number of environmentally de- penhagen. structive and energy-inefficient solutions. The sustainable building industry is also supported by special- The legislation has also been instrumental in turning Greater ist services covering everything from cutting edge R&D and Copenhagen and Denmark into a leading global driver of the high-level consulting to demolition and re-use. green agenda. It’s now the place to be for companies involved in areas connected with sustainable construction.

• EUR 536 million investment in renovation of private and public houses • EUR 8 million investment in energy efficiency initiatives • 100% independent of fossil fuels in 2050

12 Photo: Ty Stange

Laying the foundations for solid business growth

In 2016 Greater Copenhagen attracted approximately 74% of Denmark’s total investment volume – and it looks like the coming years will show a similar pattern. Danish building contractors have the skills and experience to ensure large-scale projects are successfully completed on time – and on budget.

Max Bögl – the long view

German contractor heavyweight Max Bögl understands the long-term business potential of establishing a presence in Denmark.

In 2014, Denmark welcomed a new presence in the Max Bögl subsequently opened their Danish head- building and construction industry. After extensive quarters in the small town of Fredericia in Jutland research into current and future business oppor- – and hit the ground running. tunities, Hamburg-based Max Bögl saw a market ripe for developing. As well as being geographically An expanding business linked, Denmark offered the promise of enormous long-term public investments, a blossoming private After just three years in the country, Max Bögl are in sector, an efficient civil service – and relatively little the throes of opening a new office in Copenhagen. competition. Matthias Büttner, Max Bögl’s Director in With so many projects on the go in the region, in- Denmark, explains. cluding membership of the possible Fehmarn con- nection consortium, it was the logical step to take. “In 2013 and 2014 the German market was going extremely well but the hunting grounds there were perhaps getting rather small. But we could see there were good opportunities in Scandinavia, especially in Denmark.”

15 Greater Copenhagen Top 10 Danish architects based on 2017 building project size – a global architectural powerhouse Company No. of projects 2016 Value € bn Website Arkitema Architects 46 1.020 arkitema.com Gottlieb Arkitekter A/S 13 0.729 gottliebpaludan.com Årstiderne Arkitekter A/S 38 0.334 aarstiderne.dk It’s no exaggeration to say that some of the world’s most successful and C.F. Møller A/S 22 0.329 cfmoller.com influential architects are based in Copenhagen. Whatever the requirements Wilhelm Lauritzen A/S 10 0.218 vla.dk of companies seeking architectural partners in the area are, they can be sure AK83 Arkitektkontoret A/S 6 0.190 ak83.dk to find world-class creativity, efficiency and professionalism wherever Tegnestuen Vandkunsten Aps. 8 0.130 vandkunsten.com they look. Mangor & Nagel Arkitektfirma A/S 31 0.129 mangornagel.dk Arkitekterne A/S 7 0.110 aarhus-arkitekterne.dk Henning Larsen Architects A/S 9 0.105 henninglarsen.com

Leading Danish architechts Top 10 Danish contractors

Company No. of projects 2016 Value € bn Website

MT Højgaard A/S 26 0.543 mth.com BIG A. Enggaard A/S 12 0.340 enggaard.dk NCC Construction Denmark A/S 19 0.287 ncc.dk CF Møller KPC København A/S 11 0.220 kpc.dk Hoffmann A/S 16 0.178 hoffmann.dk 3XN CASA A/S 14 0.177 casa.dk DS Flexhal A/S 4 0.160 ds-flexhal.dk Henning Larsen Dansk Boligbyg A/S 11 0.120 danskboligbyg.dk Per Aarsleff A/S 27 0.114 aarhus-arkitekterne.dk Schmidt Hammer Lassen Raundahl & Moesby A/S 9 0.113 raundahl-moesby.dk Vilhelm Lauritzen Architects KHR Top 10 engineers Foreign contractors operating in Denmark Rambøll Danmark A/S VINCI Construction Grands Projets S.A.S., France Dissing & Weitling Cowi A/S Wayss & Freytag Ingenieurbau AG, Germany MOE Max Bögl Stiftung & Co. KG, Germany Niras CFE SA, Belgium Sweco Danmark A/S Soletanche Bachy International, France Midtconsult A/S BAM Infra B.V., Netherlands Alectia A/S BAM International B.V., Netherlands Wissenberg A/S Dredging International N.V., Belgium Søren Jensen rådgivende ingeniørfirma Boskalis International B.V., Netherlands Orbicon A/S HOCHTIEF Solutions AG, Germany Ed. Züblin AG, Germany Van Oord Dredging and Marine Contractors B.V., Netherlands

16 17 Joining in Invaluable knowledge on the house

Copenhagen Capacity is the one-stop shop for business de- 89% of foreign companies winning a tender in Denmark have Danish velopment in Greater Copenhagen. Our business develop- representation, so establishing a business presence in Greater Copenhagen ment consultants are on hand to help you at every stage of can be a wise investment. your business journey:

• Getting an overview of the Danish and Scandinavian market • Preparing cost/quality benchmark analyses comparing Copenhagen to other cities • Compiling market surveys to support business development • Gaining local insights • Mapping potential customers, competitors and service providers • Identifying funding schemes and incentive programmes.

Smoothing the way to the next level

Once the groundwork is in place and you’re ready to take your plans further, we can provide services, such as:

• Practical business start-up assistance • General advice on legal, financial and corporate structure matters • Fact-finding tours to meet lawyers, accountants, recruitment agencies, trade associations and chambers A global launchpad… of commerce • Searching for partners to build strategic alliances and Greater Copenhagen is an ideal location for show- strong investment portfolios casing new technologies and concepts before • Getting introduced to public authorities, research and launching them in the rest of the world. The official knowledge institutions and sector-specific networks. green organisation for Denmark, State of Green, is also based in Copenhagen. State of Green gathers all leading players in the fields of energy, climate, water and environment and fosters relations with both in- ternational and local stakeholders.

Contact …with a solid foundation Kim Fønss-Lundberg Rikke Petersen Denmark is the least corrupt country in the world Investor Development Manager Business Development Manager so it is easy to obtain construction permits, register property, arrange credit lines, pay taxes, protect in- E-mail: [email protected] E-mail: [email protected] vestors, trade across borders and resolve insolvency Direct: 0045 33 26 87 16 Direct: 0045 33 34 55 39 problems. Mobile: 0045 26 22 02 22 Mobile: 0045 51 51 61 02

North Habour 19 Photo: Nicolai Perjesi COPENHAGEN CAPACITY - INVEST IN GREATER COPENHAGEN

Nørregade 7B . DK – 1165 Copenhagen K +45 33 22 02 22 [email protected] www.copcap.com

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