Wihlborgs sells housing development rights outside Copenhagen

10/23/2024 5:30 AM

Wihlborgs has owned Vasekaer 7 since 2007 and a new detailed development plan for housing was approved in 2021. Wihlborgs is now selling the development rights to enable the property developers to add housing to the area and boost densification.

With its proximity to the motorway network and Herlev station, Hørkær is one of the most sought-after business districts in Herlev. Wihlborgs is well represented in the area and continues to see considerable potential there.

“The sale of these development rights will transform a vacant site into housing and stimulate variation and life in the area, which will positively impact our operations and the municipality as a whole. Wihlborgs believes in the potential of continuing to develop attractive urban districts in Denmark and sees many opportunities for densification in its Danish portfolio,” says Ulrika Hallengren, CEO of Wihlborgs.

“In several places, we are working to create attractive and mixed districts, with homes and businesses side by side. The sale of Vasekær 7 is the first in a series of residential building rights that are close to our commercial properties. When the project is finished, it will contribute to the positive development of the Hørkær area, which is an important business area for us. We look forward to following the area's transformation and to continuing our commitment to developing the urban districts of the future”, says Søren Holm, CEO of Wihlborgs A/S.

Wihlborgs Fastigheter AB (publ)

Wihlborgs Fastigheter AB (publ) is a property company that focuses on commercial properties in the Öresund region. Its property portfolio is located in Malmö, Helsingborg, Lund and Copenhagen. In Malmö, Lund and Helsingborg, Wihlborgs is the leading property company. The book value of the company’s properties totals SEK 57 billion, representing an annual property rental value of SEK 4.5 billion. Wihlborgs’ shares are listed on the Large Cap List of Nasdaq Stockholm.