MT Højgaard's Renovation Project to Enhance Copenhagen Housing
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MT Højgaard Danmark Takes on a Major Refurbishment Project
MT Højgaard Holding’s unit, MT Højgaard Danmark, has been selected as the general contractor for a key refurbishment assignment by social housing organization AAB in Copenhagen. This ambitious project focuses on revitalizing a significant part of the North West Block, comprising four high-rises and several blocks with additional community facilities.
Comprehensive Renovation Details and Impact
The refurbishment covers an extensive area with a total contract value hovering around DKK 300 million, including VAT. Scheduled to unfold over the span of approximately three years, the project is supported by the National Building Fund. Work is set to commence in the spring of 2025, marking the beginning of transformative changes in this community.
The refurbishment plans are elaborate, including the merging of existing housing units, installation of balconies, construction of a communal house, new playgrounds, and vital enhancements to traffic connections and safety in the neighborhood. These initiatives aim to boost community engagement and enhance the living environment for residents.
Commitment to Quality and Community Engagement
Carsten Lund, CEO of MT Højgaard Danmark, emphasizes the company's commitment to delivering top-notch quality across all its projects. He stated, "Refurbishment projects are crucial for us, and we are dedicated to maintaining high standards throughout. Our team is focused on executing a quality refurbishment and ensuring clear communication with both the residents and the developer during this process.”
Financial Outlook Remains Steady
Despite this new undertaking, the order does not alter MT Højgaard Holding’s outlook for the year. The company maintains its forecast, anticipating revenues in the range of DKK 10 to 10.5 billion and an operating profit (EBIT) between DKK 400 and 425 million. This stable financial outlook underscores the firm’s robust operational strategies, which continue to position it well within the construction sector.
Contact Information for Further Inquiries
Interested parties seeking more information can reach CEO Steffen Baungaard or CFO Rasmus Untidt via telephone at +45 31 21 68 72. Their expertise can provide insights into both the ongoing projects and wider company strategy.
Frequently Asked Questions
What is the scope of the refurbishment project in Copenhagen?
The project involves renovating multiple buildings, enhancing community facilities, and improving safety and traffic flow in the area.
When is the refurbishment work expected to begin?
The work is slated to commence in the spring of 2025 and will extend over approximately three years.
What is the total contract value for this project?
The total contract value for the refurbishment assignment is around DKK 300 million, inclusive of VAT.
How does this project affect MT Højgaard Holding's financial outlook?
The new order does not change the company's 2024 outlook, which remains stable with expected revenues between DKK 10 and 10.5 billion.
Who can I contact for more information regarding the project?
You can contact CEO Steffen Baungaard or CFO Rasmus Untidt at +45 31 21 68 72 for any inquiries.
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