Major Refurbishment Project at Frederiksholm Karré 8
MT Højgaard Holding's business unit, Enemærke & Petersen, has pursued a noteworthy agreement with Boligselskabet AKB for a substantial refurbishment project. This initiative is set to take place at Frederiksholm Karré 8, located in the South Harbour area of Copenhagen. The deal is established through the construction partnership Byggepartnerskabet &os, emphasizing a collaborative approach to modernizing housing amenities.
Turnkey Contract Details
The refurbishment will be executed under a turnkey contract valued at DKK 237 million. The design phase is scheduled to begin in November 2025 and will continue until April 2026, with the renovation work expected to conclude by the fourth quarter of 2029. It is important to note that the contract's progression hinges on obtaining the necessary schedule B approval from the City of Copenhagen.
Enhancements and Modernization Efforts
This ambitious refurbishment project aims to create a more livable environment for residents. With the support of the Danish Building Fund, the renovation will include several key improvements such as merging smaller housing units into larger, more viable spaces, developing new roof homes, modernizing kitchens, and constructing new bathrooms and balconies. Additionally, structural elements like masonry, plumbing, and electrical installations will receive thorough upgrades. Out of the total of 231 apartments, 191 will undergo full refurbishment, ensuring a significant enhancement in living standards.
Commitment to Quality and Community Engagement
Johnni Andersen, Head of Partnerships at Enemærke & Petersen, expressed enthusiasm about collaborating with Boligselskabet AKB and the broader partnership network. Andersen highlighted a commitment to delivering high-quality solutions that create exceptional living conditions for residents. Drawing from prior experiences in executing major renovations, the team emphasizes the importance of engaging with residents and maintaining open lines of communication with all stakeholders.
Market Position and Financial Outlook
Despite taking on this extensive new order, MT Højgaard Holding's forecasts for 2025 remain stable, with revenue projections continuing at DKK 10-10.5 billion and an operating profit (EBIT) estimated between DKK 400-450 million. This project further solidifies Enemærke & Petersen's reputation in the market, particularly in multi-year construction partnerships and collaborative projects.
Ongoing Projects and Partnerships
Currently, Enemærke & Petersen is engaged in about 40 refurbishment projects aimed at enhancing social housing. This includes ongoing work in collaboration with organizations like Civica and KAB, which manages AKB, København. The partnership in Byggepartnerskabet &os consists of respected companies including JJW Arkitekter, SWECO, SLA Architects, and Norconsult, showcasing a solid foundation for successful project execution.
Contact Information
For additional details, interested parties may reach out to CEO Rasmus Untidt or CFO Dennis Nørgaard at +45 31 21 68 72.
Frequently Asked Questions
What is the scope of the refurbishment project at Frederiksholm Karré 8?
The project involves a comprehensive renovation of 231 apartments, focusing on modernizing living spaces and improving overall quality.
How long is the duration of the refurbishment project?
The project is expected to start in November 2025 and be completed by Q4 2029.
What financial impact does this project have on MT Højgaard Holding?
The new contract is not expected to alter the company's 2025 financial outlook but reinforces its strong market position.
Who are the partners involved in this refurbishment?
The partnership includes Enemærke & Petersen and several architectural and construction firms like JJW Arkitekter and SWECO.
How does this project contribute to community development?
This refurbishment aims to enhance living conditions for residents by modernizing apartments and fostering community engagement through collaboration.
