Property Development

Name: Nordstern
Price range: $

We develop entire urban districts comprising residential and commercial properties, including both new construction and renovation. We create mixed-use neighbourhoods that may combine private and social housing with shops, offices, educational institutions and other commercial or public facilities

At Nordstern, we bring everything together under one roof: land acquisition, property development, design and construction. This enables us to deliver tailored solutions to clients across all segments, with a clear focus on certified buildings.

Developing large-scale property projects and entire urban districts where people will both live and work requires experience, specialist expertise and, not least, strategies and visions for resource-saving measures.

A comprehensive approach is required to bring recreational areas, infrastructure, housing types, residents and other users together into a coherent whole, while retaining and building on existing features of heritage value.

All property development is carried out in close collaboration with authorities and consultants, as well as in-house specialists and professionals. This ensures continuity from the initial vision through to an optimised project, with a clear focus on quality, costs and design from the outset.

Nordstern has a dedicated property development division that identifies and acquires sites for independent development or joint ventures with investors. In recent years, we have developed and constructed several large-scale development projects in Greater Copenhagen, Central Jutland and Eastern Jutland for both Danish and international partners, with further projects in the pipeline.

„I see Nordstern as a professional partner that delivers on its promises. That approach goes a long way.“

Robert Feldt
Investment Director, CapMan

Greater co-determination for the client through early involvement of Nordstern

As the client’s project partner, Nordstern is responsible for realising the project’s vision. Our property development projects are therefore based on continuous dialogue, shared objectives, financial incentives and the exchange of experience with the client and their consultants.

The projects can be delivered using different financial models. Their common denominator is Nordstern’s involvement from an early stage of the design process, giving the client greater insight into and influence over the project than under a traditional design-and-build contract.

With early involvement, the client, consultants and Nordstern collaborate on planning and coordination from the design stage. This gives us shared responsibility and enables us to identify potential risks together, helping to avoid costly redesign work later in the process.

Nordstern has completed several projects on an open-book basis, providing both the client and the design-and-build contractor with transparency regarding costs and decisions. We have used this form of collaboration with both private pension funds and public authorities, giving all parties clear insight into how the project funds are spent.

Erantishaven Rødovre

Nordstern and CapMan transform commercial property into residential housing

Viby Syd

Nordstern is developing a new urban and residential area in Viby Syd for Koncenton