MT Højgaard to Construct Major UNICEF Warehouse in Copenhagen
MT Højgaard Danmark Wins Tender for UNICEF's New Warehouse
MT Højgaard Holding’s business unit, MT Højgaard Danmark, has secured a significant contract for the construction of what will be the largest central warehouse for humanitarian aid. This facility will be dedicated to the UN’s children’s fund, UNICEF, with a total contract value of DKK 1.66 billion. However, the finalization of this contract depends on the conclusion of the standstill period and approval from The Finance Committee of the Danish Parliament. The project development will be overseen by By & Havn.
Project Overview: CAMPUS 4 in Nordhavn
The upcoming project, known as CAMPUS 4, will be located in Nordhavn, Copenhagen. It will encompass a vast building complex of 63,000 square meters. As a turnkey project, MT Højgaard Danmark will undertake all construction processes in partnership with CF Møller Architects and Artelia, consulting engineers. The construction work is set to start in the fall of 2025, with the global warehouse targeted for completion by the end of 2028.
Replacing Existing Facilities
This new distribution center is designed to replace UNICEF's current facilities located on Oceanvej in the Nordhavn area of Copenhagen. The development aims to optimize warehouse operations for UNICEF, where the Danish Building Agency acts as the landlord, subletting to the Ministry of Foreign Affairs, while the primary user remains UNICEF.
Infrastructure and Capacity of CAMPUS 4
CAMPUS 4 will feature several key components, including an administration building with visitor facilities and conference rooms, alongside a low bay warehouse and two high bay warehouses capable of holding over 75,000 pallets. The administration section will cover approximately 15,000 square meters, while the warehouse space will account for around 48,000 square meters. This large capacity signifies a considerable upgrade compared to UNICEF’s current global warehouse operations, where significant emergency aid is distributed.
Commitment to Quality and Collaboration
“CAMPUS 4 is an ambitious project that will showcase our team's expertise in cooperation, coordination, and execution,” stated Niels Holm Mikkelsen, COO of MT Højgaard Danmark. He emphasized the importance of their collective skills in project management, foundation work, and construction to ensure smooth operations throughout the project. The collaboration with UNICEF, By & Havn, and other stakeholders is pivotal in creating the ideal conditions for UNICEF to continue its crucial work supporting those in need.
Strategic Location for Effective Aid Distribution
UNICEF’s choice of location aims to enhance its ability to distribute emergency aid rapidly and efficiently across the globe. CAMPUS 4 will be strategically positioned just 700 meters from a new container terminal in Nordhavn, ensuring direct access to Øresund. Additionally, it will be well-connected to the future Nordhavn tunnel, facilitating quick transport to Copenhagen Airport for emergency supplies and personnel.
Financial Outlook and Future Prospects
The recent contract is not anticipated to impact MT Højgaard Holding's financial outlook for 2025, with expected revenue remaining in the range of DKK 10-10.5 billion and operating profit (EBIT) between DKK 400-450 million. Nonetheless, this order is likely to have a positive effect on the growth of both MT Højgaard Danmark and MT Højgaard Holding in the upcoming years.
Further Information
If you have any inquiries, please reach out to CEO Rasmus Untidt or CFO Dennis Nørgaard at +45 31 21 68 72.
Frequently Asked Questions
What is the purpose of the new UNICEF warehouse?
The new warehouse is designed to facilitate efficient distribution of humanitarian aid globally, replacing existing facilities and expanding capacity.
When will the construction work begin?
Construction is expected to commence in the fall of 2025.
What is the expected completion date for the warehouse?
The global warehouse is scheduled to be operational by the end of 2028.
How will this project impact MT Højgaard Holding's financial outlook?
The contract is not expected to alter the current financial outlook for 2025, but it will contribute positively to growth in the following years.
Who are the partners involved in this project?
The main partners include CF Møller Architects and consulting engineers Artelia, alongside MT Højgaard Danmark and By & Havn.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.