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The Group's mission
The overall mission of TK Development is to create added value by developing real property. The Group operates in the property development and services environments, and specializes in being the creative and result-oriented link between tenants and investors.
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Property Development
Property development comprises development of real property from the conceptual phase through to project completion,
based on one of several models:
a) Sold projects
- Forward funding
- Forward purchase
b) Projects with partners
c) On TK Development's own books based on a high
degree of confidence in the letting and sales potential
d) Services for third parties.
Project outline
The outline below lists the key projects in progress in the portfolio in the property development segment. The outline corresponds to the latest published announcement of financial statements.
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| Project |
City |
Country |
Segment |
m2 * |
TK |
Construction start |
Opening |
| Beddingen 7A, Østre Havn |
Aalborg |
DK |
Residential |
3 500 |
50 % |
June 2017 |
Late 2018 |
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| Nyhavnsgade 3, Østre Havn |
Aalborg |
DK |
Residential |
1 325 |
50 % |
Early 2018 |
Early 2019 |
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| Beddingen 5A, Østre Havn |
Aalborg |
DK |
Residential |
3 050 |
50 % |
Mid-2018 |
Late 2019 |
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| SporbyenScandia (sold conditionally) |
Randers |
DK |
Mixed |
9 250 |
50 % |
- |
Q4 2018/19 |
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| SporbyenScandia |
Randers |
DK |
Mix |
54 750 |
50 % |
- |
Continously |
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| Smedegaarden |
Holbæk |
DK |
Mix |
3 200 |
100 % |
September 2018 |
Late 2019 |
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| Retail park, Södertälje |
Södertälje |
SE |
Retail |
8 000 |
100 % |
Early 2018 |
Spring 2019 |
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| Project |
City |
Country |
Segment |
m2 * |
TK |
Construction start |
Opening |
| Aarhus South, phase 2 |
Aarhus |
DK |
Retail |
2 800 |
100 % |
2019 |
2020 |
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| Ejby Industrivej |
Copenhagen |
DK |
Office |
6 300 |
100 % |
- |
- |
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| Offices, Østre Havn |
Aalborg |
DK |
Offices |
6 500 |
50 % |
Continuously |
Continuously |
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| Havnehus 2, Østre Havn |
Aalborg |
DK |
Residential |
2 325 |
50 % |
Continuously |
Continuously |
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| MarineOne (formerly The New Yard) |
Aalborg |
DK |
Residential |
1 900 |
50 % |
2018 |
2020 |
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| Commercial district, Arninge Entré |
Stockholm |
SE |
Mix |
50 000 |
100 % |
2019 |
2021 |
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Not initiated - selected projects
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*) m² indicates TK Development's ownership share of the individual projects.
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