MT Højgaard Holding Expands with Major Housing Refurbishment Project
MT Højgaard Holding’s New Contract for Housing Refurbishment
In an exciting development, MT Højgaard Holding has announced that its business unit, Enemærke & Petersen, is set to undertake a substantial refurbishment project in collaboration with Dragør Boligforening. This project, valued at DKK 378 million, will revitalize the Engparken section and marks a significant milestone for the company in the realm of social housing refurbishment.
Overview of the Engparken Project
Engparken, located on Amager, features an impressive array of 262 rental housing units, comprising 12 three-storey blocks and 70 charming two-storey row houses. The scope of the contract encompasses a range of critical upgrades. These include the re-insulation of facades, brand new roofs and balconies, along with the installation of modern electrical, heating, and plumbing systems. Additionally, the project will enhance ventilation, landscaping, and sewage facilities while constructing a welcoming new common space for residents.
Timeline and Support for the Refurbishment
The scheduled timeline for this extensive refurbishment is ambitious yet achievable, with work slated to begin in the spring of 2026 and conclude by July 2029. It’s important to note that this refurbishment initiative is being supported by the National Building Fund, which underscores the importance and viability of the project.
Enemærke & Petersen's Commitment to Quality
This recent contract awarded in Dragør not only highlights the company’s ongoing efforts in the social housing sector but also reinforces Enemærke & Petersen’s established reputation. The company has successfully engaged in approximately 40 refurbishment projects across various social housing associations. These efforts include valuable partnerships with organizations such as KAB and Civica, showcasing their dedication to improving community environments.
Expertise in Project Management
“We are pleased that Dragør Boligforening has chosen Enemærke & Petersen to lead the refurbishment of Engparken,” expressed Tjørn Djurhuus, Head of Division at Enemærke & Petersen. He emphasized the importance of drawing on their extensive experience to ensure quality workmanship while fostering a collaborative process with residents and involved entities. Djurhuus believes that effective involvement and strategic planning are vital in achieving successful outcomes.
Financial Impact and Future Outlook
Importantly, this upcoming order from Dragør Boligforening will not alter MT Højgaard Holding’s financial outlook for 2025, which remains steady. The company anticipates generating revenues between DKK 10 billion and DKK 10.5 billion, with expected operating profits (EBIT) in the range of DKK 400 million to DKK 450 million. This consistent outlook reflects MT Højgaard Holding’s strong position in the market despite the current economic challenges.
Contact Information
For further details, interested parties are encouraged to reach out to CEO Rasmus Untidt and CFO Dennis Nørgaard at telephone +45 31 21 68 72.
Frequently Asked Questions
What is the value of the refurbishment project?
The refurbishment project has a contract value of DKK 378 million.
When is the project expected to commence?
Work on the project is scheduled to begin in the spring of 2026.
Who will lead the refurbishment efforts?
The refurbishment will be led by Enemærke & Petersen, a business unit of MT Højgaard Holding.
How many housing units are included in the refurbishment?
The Engparken section includes a total of 262 rental housing units.
What is the financial outlook for MT Højgaard Holding in 2025?
MT Højgaard Holding expects revenue between DKK 10 billion and DKK 10.5 billion, with an operating profit of DKK 400-450 million.
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