MT Højgaard Danmark Secures Major Refurbishment Project
MT Højgaard Danmark Takes on Significant Housing Refurbishment
MT Højgaard Holding’s unit, MT Højgaard Danmark, has proudly announced its latest project: the refurbishment of 456 family housing units located in the Grantofteparken social housing area. This initiative is in partnership with prominent organizations, including DAB and Ballerup almennyttige Boligselskab.
Details of the Refurbishment Contract
Selected as the general contractor, MT Højgaard Danmark is tasked with this significant refurbishment project, which has a contract value of DKK 211 million. The housing units are designed as two-storey row houses that will receive various upgrades, including new bathrooms, windows, perimeter drains, and enhanced ventilation systems. This comprehensive refurbishment is set to begin on January 1, 2025, with an expected completion date around January 1, 2027.
CEO's Vision for the Project
Carsten Lund, the CEO of MT Højgaard Danmark, expressed enthusiasm about the project, stating, “We see a lot of interesting refurbishment projects to bid on in the coming years. Grantofteparken is a large refurbishment project with many repetitions, and we will bring all of our experience to good use over the 24-month period to deliver a good result for the developer and the residents.” He emphasized the importance of optimizing processes in each apartment to ensure efficiency and maintaining clear communication with residents undergoing renovations.
Impact on Financial Outlook
This new order will not impact MT Højgaard Holding’s financial outlook for 2024, which has already been upgraded. The company anticipates revenues to be approximately DKK 10.5 billion, coupled with an expected operating profit (EBIT) in the range of DKK 440-460 million. This demonstrates the company’s ongoing stability and growth in a competitive market.
Contact Information
For further information, interested parties can reach CEO Rasmus Untidt at telephone +45 31 21 68 72.
Frequently Asked Questions
What is the scope of the refurbishment project at Grantofteparken?
The project involves refurbishing 456 family housing units, including structural upgrades and modern amenities.
What is the estimated value of the contract?
The refurbishment project is valued at DKK 211 million.
When will the refurbishment work begin and end?
The work is set to commence on January 1, 2025, and is expected to be completed by January 1, 2027.
How does this project affect MT Højgaard Holding’s financial outlook?
It does not affect the 2024 outlook, which remains positive with projected revenues around DKK 10.5 billion.
How can I get in touch for more information?
For more details, you can contact CEO Rasmus Untidt directly at telephone +45 31 21 68 72.
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