Property Development
We develop entire urban areas with homes and businesses that involve both new construction and renovation. We develop the mixed urban space, which can be a combination of private and public housing as well as businesses such as shops, offices, educational institutions, etc.
Nordstern have everything under one roof: acquisition of land, property development, design, planning and construction. This allows us to deliver tailored solutions to our clients within all segments – with a clear focus on certified buildings.
Development of major property projects and entire urban areas, where people are going to live and work, requires experience, professional expertise and, not least, strategies and visions for resource-saving measures.
It requires expertise to integrate recreational and green areas, infrastructure, housing types, residents and users into a unified whole where existing distinctive features are preserved. All development takes place in close collaboration with authorities and consultants as well as internal specialists and experts.
From the beginning, we ensure a common thread - from the initial visions to an optimized project where focus will be on quality, economy and sustainability initiatives.
Nordstern have development departments in Copenhagen and Aarhus and work with sourcing and acquisition of land that is developed independently or as part of joint ventures with investors. We are proud to have developed and built several large development projects in the Greater Copenhagen area and Eastern Jutland in recent years – both for Danish and foreign parties. And there are more to come.
Greater co-determination for the client through early involvement of Nordstern
As the client's business partner, it is Nordstern's task to fulfil the project's visions. Our property development projects are therefore based on an ongoing dialogue, common goals, financial incentives, and exchange of experience with the developer and your advisors.
The projects can be carried out according to different economic models, with the common fact that Nordstern is involved at an early design stage, which gives the client greater insight and co-determination in the construction than in a traditional turnkey contract.
With early involvement, the client, consultants and Nordstern join forces for joint planning and coordination already at the design phase. We share the responsibility and work together to identify potential risks, and thereby avoiding expensive redesigns later in the process.
Nordstern has completed several projects in an open book, where the finances and decisions are transparent for both the client and the turnkey contractor. For example, the collaboration has been with both private pension companies and public authorities, where the open books make it quite clear what the money is spent on.
Property Development East
