Top 8 Real Estate Development Company in Denmark; 2025 Review
Denmark’s real estate development sector continues to evolve in 2025, marked by a strong focus on urban regeneration, sustainability, and institutional investment. With over €70 billion in assets under management across major players, the market is led by firms transforming historic districts, deploying green infrastructure, and leveraging proptech innovations.
Developments like Carlsberg Byen and NREP’s UN17 Village demonstrate how heritage and modernity coexist in urban planning. This review highlights key companies driving progress in commercial, residential, and mixed-use real estate across Copenhagen and beyond.
Top Real Estate Development Company in Denmark
Here, we gathered details of top 8 real estate development company in Denmark, including Carlsberg Byen P/S, RED Property Advisors, Estate Concept, Nordicals, Pears Global Real Estate, MT Højgaard Holding, Lokalebasen, and PensionDanmark.
1. Carlsberg Byen P/S
Location: Copenhagen
Carlsberg Byen P/S is the development company behind the transformation of the historic Carlsberg brewery site in Copenhagen into a vibrant urban district. Established in 2012, the company is owned by a consortium comprising PFA Pension (30%), Carlsberg (25%), Nordea Pension (22.5%), and PenSam (22.5%).
The Carlsberg City District spans approximately 33 hectares, situated between the Valby and Vesterbro neighborhoods. The redevelopment plan, inspired by classical city centers, emphasizes sustainability and active urban life. The project encompasses 600,000 square meters of mixed-use development, including around 3,000 residential units, commercial spaces, cultural venues, and educational institutions.
Notable features of the district include preserved 19th-century brewery buildings, such as the Elephant Gate and the Winding Chimney, integrated with modern architecture. The area also boasts green spaces, public squares, and cultural institutions like the European School Copenhagen, which opened in 2018.
Carlsberg Byen P/S continues to oversee the district’s development, aiming to create a lively and sustainable neighborhood that honors its historical legacy while embracing contemporary urban living.
2. RED Property Advisers
Location: Copenhagen
RED Property Advisers (Cushman & Wakefield | RED) is a leading advisory firm serving major corporations and key players in the Danish real estate market. Their expertise spans sales, leasing, tenancy advisory, and property valuation.
In an increasingly complex and fast-moving industry, RED is guided by the values of care, experience, and responsibility. The firm is committed to delivering high-quality, value-creating services tailored to the specific needs of each assignment. Their team of skilled professionals works to not only meet but consistently exceed client expectations.
What sets RED apart is its strong organizational foundation—a community of dedicated, competent, and satisfied employees and partners. Leveraging one of the most comprehensive research databases in the market, RED approaches each analysis and advisory task with a combination of practical brokerage insight and academic rigor, ensuring results that stand in a class of their own.
3. Estate Concept
Location: Frederiksberg
Estate Concept is a boutique commercial real estate agency based in Frederiksberg, Denmark, specializing in the sale, rental, and development of commercial properties across Copenhagen and its surrounding municipalities. Founded in 2009 by Jacob Lefèvre, the firm has built a reputation for personalized service and deep local expertise.
Their core services include the sale and rental of commercial properties and retail leases, sale of commercial shares and owner-occupied flats, due diligence, and comprehensive 360-degree advisory services. Estate Concept prides itself on delivering tailored solutions to a diverse clientele, ranging from private landlords to institutional investors, ensuring each client’s unique needs are met with precision and professionalism.
4. NREP (Nordic Real Estate Partners)
Location: Copenhagen
NREP (Nordic Real Estate Partners) is a Copenhagen-based real estate investor and innovator, operating across the Nordics and Germany. Founded in 2005 by Mikkel Bülow-Lehnsby, Rasmus Nørgaard, and Rickard Dahlberg, the company has grown to manage over 2.5 million square meters of real estate, focusing on residential, logistics, and care sectors. NREP is renowned for pioneering sustainable solutions, including the world’s first building made entirely of recycled concrete and the UN17 Village in Copenhagen, aligning with all 17 UN Sustainable Development Goals. In 2020, NREP raised €1.9 billion for its Nordic Strategies Fund IV, the largest Nordic real estate fund to date, aiming to address structural supply-demand imbalances in the region. The company is committed to transitioning all its buildings to green electricity by 2025 and has implemented significant renewable energy projects, such as the largest rooftop solar panel system in the Nordics and an ultra-deep geothermal well in Finland.
Nordicals is a leading Danish commercial real estate advisory firm, offering services in business brokerage, investment advice, corporate finance, and property development. With a strong international network and deep local market knowledge, Nordicals provides professional oversight and representation across Denmark, enhancing the market for commercial property transactions and investments.
5. Pears Global Real Estate
Location: Copenhagen
Pears Global Real Estate Denmark serves as the investment advisor to The Pears Family Trust, managing its real estate portfolio within Denmark. Operating from Østerbro, Copenhagen, since 2012, the firm oversees all facets of property ownership, including acquisitions, financing, asset management, and divestments. As of 2023, it has guided the acquisition of approximately 3,200 residential and commercial units, amassing a total assets under management (AUM) of DKK 5 billion.
The company’s diverse portfolio encompasses residential properties across Copenhagen, Frederiksberg, Valby, and the Greater Copenhagen region, as well as ‘Big Box’ commercial locations in cities like Roskilde, Odense, and Aarhus. Notably, in 2023, Pears Global Real Estate Denmark acquired a portfolio of 76 units from Dades, including 73 residential and 3 commercial units situated in Frederiksberg and Copenhagen . Additionally, the firm completed the purchase of six properties totaling 421 homes across Copenhagen S, Copenhagen V, Kastrup, Greve, and Roskilde .
Demonstrating a commitment to innovation, Pears Global Real Estate Denmark partnered with Danish proptech startup Estaid in 2022 to enhance real estate data management. This collaboration aimed to streamline operations by consolidating property management, financial, and operational data, thereby improving decision-making processes.
Through strategic investments and a focus on sustainable growth, Pears Global Real Estate Denmark continues to play a significant role in shaping Denmark’s real estate landscape.
6. MT Højgaard Holding
Location: Søborg
MT Højgaard Holding A/S is a leading Danish construction and civil engineering group with a legacy spanning over a century. Headquartered in Søborg, Denmark, the company operates through several specialized business units, including MT Højgaard Danmark, Enemærke & Petersen, and MT Højgaard Property Development.
The group undertakes a diverse range of projects, from residential and commercial buildings to large-scale infrastructure developments. Notable projects include iconic structures like The Blue Planet aquarium and the Great Belt Link. MT Højgaard Holding emphasizes innovation, sustainability, and collaboration, aiming to contribute positively to Denmark’s built environment.
In 2024, the company reported a turnover of DKK 10.7 billion with a profit margin of 4.5%, reflecting its strong market position and operational efficiency. The group employs over 3,000 professionals and is actively involved in more than 300 projects across Denmark.
MT Højgaard Holding is publicly listed on Nasdaq Copenhagen under the ticker MTHH and continues to play a pivotal role in shaping Denmark’s infrastructure and urban development.
7. Lokalebasen
Location: Copenhagen
Lokalebasen is a prominent Danish online platform specializing in commercial real estate. Established in 2008 and headquartered in Copenhagen, the company serves as a central marketplace where businesses can browse a wide range of properties, including office spaces, retail locations, warehouses, and industrial sites throughout Denmark. With its comprehensive property listings, the platform offers detailed descriptions, high-quality images, and virtual tours to assist users in making informed decisions.
In addition to its user-friendly search functionality, Lokalebasen.dk provides advanced filters to help users narrow down results based on key criteria such as location, size, property type, and price. The platform also offers personalized property alerts, ensuring that users are notified about new listings that match their specific requirements. Landlords benefit from the ability to market their properties to a large and motivated audience, choosing from various settlement models that best suit their needs.
As a leading independent intermediary in Denmark’s commercial real estate sector, Lokalebasen.dk continues to play a vital role in connecting tenants and landlords, facilitating efficient and transparent property transactions across the country.
8. PensionDanmark
Location: Nationwide
PensionDanmark is one of Denmark’s largest labor market pension funds, established in 1992. It is a non-profit organization jointly owned by trade unions and employer associations, providing defined contribution pension schemes, insurance policies, and healthcare services to its members.
As of recent data, PensionDanmark manages pension schemes for approximately 710,000 individuals employed across 26,000 private and public sector companies. The fund’s assets under management exceed €36 billion, making it one of the 50 largest pension funds in Europe.
PensionDanmark is committed to sustainable and responsible investment practices. The fund actively invests in renewable energy projects, infrastructure, and real estate developments that align with environmental, social, and governance (ESG) criteria. Notable investments include the construction of sustainable office buildings and student housing projects built with environmentally friendly materials.
In addition to financial services, PensionDanmark offers its members access to comprehensive healthcare services, including online consultations with doctors and psychologists, as well as physiotherapy sessions. These services are designed to promote the overall well-being of its members.
Top Real Estate Development Projects in Denmark
Here, we dive deeper into an introduction for some top real estate development in Denmark including, Nordhavn Urban Development, Carlsberg Byen, Ørestad City, Papirøen / Paper Island, Postbyen, Thomas B. Thriges Gade Redevelopment, Nærheden, Musicon, and so on.
1. Nordhavn Urban Development (Ongoing since 2008)
Developer: By & Havn (City & Port Development)
Nordhavn is one of the largest and most ambitious urban real estate development in Denmark. Located in Copenhagen, this former industrial port area is being transformed into a modern, sustainable waterfront district expected to accommodate 40,000 residents and 40,000 jobs. The master plan integrates innovative architecture with a focus on green mobility, including extensive cycling paths and a new metro line extension. Sustainability is a cornerstone of the development, with energy-efficient buildings, district heating, and climate-adapted urban spaces.
The district is organized into multiple neighborhoods, each with its own character, blending residential, commercial, and recreational spaces. Public access to the waterfront, vibrant urban squares, and eco-friendly design elements make Nordhavn a model for future urban living. It represents Denmark’s leadership in green urban planning and mixed-use development.
2. Carlsberg Byen (Ongoing since 2008)
Developer: Carlsberg Byen P/S
Carlsberg Byen is a dynamic real estate development in Denmark of the historic Carlsberg brewery site in central Copenhagen. Blending heritage with innovation, the project includes restored industrial buildings alongside modern architecture. The area will include 3,100 homes, office space, schools, cultural venues, and lush public parks. Sustainability, livability, and community engagement are core pillars of the master plan.
Key features include the preservation of iconic brewery structures and the integration of green mobility such as bike-friendly streets and metro connectivity. Carlsberg Byen is designed to be a dense, walkable, and vibrant urban neighborhood, attracting residents, businesses, and tourists alike. Its blend of culture, design, and functionality makes it one of Denmark’s most forward-thinking urban developments.
3. Ørestad City (1992–Present)
Developer: By & Havn and Various Partners
Located on the island of Amager in Copenhagen, Ørestad City is a major urban extension featuring striking modern architecture and a mix of residential, commercial, and institutional uses. Anchored by landmarks like the Royal Arena, Bella Center, and the award-winning 8 House by Bjarke Ingels Group (BIG), it is known for its futuristic cityscape and design-forward philosophy.
With direct metro and regional train links, Ørestad offers exceptional connectivity. The development emphasizes green urbanism, with parks, canals, and proximity to nature reserves like Amager Fælled. Despite initial criticism, Ørestad is evolving into a livable and innovative district, showing how long-term urban planning can reshape the capital’s edge.
4. Papirøen / Paper Island (Redevelopment ongoing since 2018)
Developer: Cobe Architects & CPH City & Port Development
Papirøen, formerly a paper storage facility, is being redeveloped into a cultural and residential hotspot in the heart of Copenhagen Harbor. This waterfront project blends luxury housing with public amenities, including a new swimming hall, public squares, and a vibrant promenade. The design pays homage to the island’s industrial past while introducing contemporary architecture.
The development aims to be inclusive and dynamic, offering diverse public spaces alongside private residences. With its proximity to Nyhavn and the Opera House, Papirøen is set to become a cultural landmark and a prime address in the city. Sustainability and waterfront accessibility are at the forefront of the project’s vision.
5. Postbyen (Redevelopment since 2019)
Developer: Danica Pension
Postbyen, located near Copenhagen Central Station, is transforming the former Danish postal headquarters into a mixed-use urban neighborhood. The project includes residential units, office space, hotels, and cultural offerings, all within walking distance of the city center. Its design emphasizes human-scale architecture, green rooftops, and urban biodiversity.
The development will introduce a new public square and pedestrian streets while preserving historical elements from the original postal complex. Postbyen integrates sustainable construction and aims to be a future-forward neighborhood with flexible spaces for work, living, and leisure. Its central location and design ethos make it a standout urban renewal effort.
6. Thomas B. Thriges Gade Redevelopment (2014–2022)
Developer: Realdania & Odense Municipality
This project in central Odense transformed a car-dominated road into a vibrant, mixed-use urban quarter. Thomas B. Thriges Gade Redevelopment reclaims urban space for pedestrians, cyclists, and green infrastructure while adding housing, shops, and cultural institutions. The project reconnects previously divided parts of the city, enhancing accessibility and urban quality of life.
Key features include underground parking, energy-efficient buildings, and new public spaces such as plazas and green courtyards. It’s a model for sustainable, people-centered city development. The project exemplifies how mid-size Danish cities are adopting progressive urban strategies to increase livability and economic vitality.
7. Nærheden, Hedehusene (2016–Present)
Developer: Realdania By & Byg and Høje-Taastrup Municipality
Nærheden is a smart and sustainable suburb being built in Hedehusene, 25 km west of Copenhagen. It’s planned as a compact, walkable community with 4,000 homes, schools, green spaces, and innovative digital infrastructure. “Nærheden” means “closeness,” reflecting its emphasis on community, local services, and quality of life.
The development features a “learning district,” smart homes, and digital services that support residents’ daily lives. It’s designed to reduce car dependency through good public transit and cycling networks. Nærheden serves as a national pilot for future suburban development, showcasing Denmark’s ambitions for smart, connected, and inclusive living environments.
8. Musicon, Roskilde (2008–Present)
Developer: Roskilde Municipality
Musicon is a creative urban district located on a former industrial site near Roskilde’s city center. It’s designed to attract cultural institutions, entrepreneurs, and residents with a passion for innovation and the arts. The district integrates housing, event spaces, workshops, and public amenities to foster a vibrant, mixed-use community.
Sustainability and adaptive reuse are central themes—existing structures have been repurposed into studios, cafes, and galleries, while new buildings meet green building standards. Home to the iconic Ragnarock Museum of Rock, Musicon is a model for how culture-led development can drive urban regeneration and community cohesion outside Denmark’s capital.
9. Trælasten, Aarhus (2021–Ongoing)
Developer: FS Ejendomme
Located in central Aarhus, Trælasten is a modern mixed-use development built on the grounds of a former timber yard. The plan includes over 1,000 homes, office space, shops, and cultural venues, all connected by pedestrian paths and urban green areas. It’s part of the city’s broader plan to densify and humanize former industrial zones.
With a focus on sustainability and innovation, Trælasten features green roofs, community spaces, and low-energy construction. It also includes a business incubator and cultural venues to support a thriving creative economy. The district reflects Aarhus’ commitment to smart urban growth and climate-conscious planning.
10. Bryggens Bastion (Ongoing)
Developer: NPV A/S
Bryggens Bastion is a high-density, sustainable urban quarter on the edge of Islands Brygge in Copenhagen. The development consists of residential and commercial buildings, including 500+ apartments and flexible office spaces. Designed to encourage community interaction, the district features shared green courtyards, rooftop gardens, and public plazas.
The project’s architecture emphasizes daylight, energy efficiency, and low-carbon materials. It’s well-integrated with nearby public transportation, promoting car-free living. Bryggens Bastion is part of Copenhagen’s efforts to add housing stock within the city while enhancing livability and maintaining its world-leading green city reputation.
11. Vinge, Frederikssund (2013–Present)
Developer: Frederikssund Municipality & Private Partners
Vinge is Denmark’s largest new town development project, located about 40 km northwest of Copenhagen. Planned as a transit-oriented, green city from scratch, Vinge is centered around a new train station and designed to eventually house 20,000 people. It aims to be a national model for integrated, future-focused urban development.
With a mix of dense housing, green corridors, schools, and commercial zones, Vinge promotes sustainable commuting and walkable neighborhoods. Emphasis is placed on preserving local nature and biodiversity while delivering modern, flexible infrastructure. As it grows, Vinge showcases how Denmark is planning new cities with climate and quality of life at the core.
Resources: aaup | Nerp | nordicpropertynews | RealAssets | Opalesque | Pearls | align.bi | Accura | Archello | MT Højgaard Holding | World Economic Forum | PensionDanmark | GoodFirms