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.

Property Development

The Group's primary business area is 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 the portfolio in the property development segment. The outline corresponds to the latest published report, and the carrying amounts of the projects listed accounted for more than 95 % of the total carrying amount of the project portfolio under property development.
 

Completed
Project	City	Country	Segment	m2 *	TK	Construction start	Opening
Residential Park, Bielany, phase I Warsaw PL Residential/ services 1,150 100 % Mid-2011 January 2013

In progress
Project	City	Country	Segment	m2 *	TK	Construction start	Opening
Amerika Plads, underground car park Copenhagen DK   Car park 16,000 50 % 2004 Continuously
Vasevej Birkerød DK Mixed 3,400 100 % - -
Ahlgade Holbæk DK Mixed 1,550 50 % October 2013 Autumn 2014
Barkarby Gate, retail park Stockholm SE Retail 20,000 100 % August 2013 Autumn 2014
Shopping centre, Frýdek Místek Frýdek Místek CZ Retail 1,480 10 % Autumn 2013 End-2014

Not initiated
Project	City	Country	Segment	m2 *	TK	Construction start	Opening
BROEN, shopping centre Esbjerg DK Retail 29,800 100 % - -
Østre Teglgade Copenhagen DK Office/residential 32,700 100 % Continuously Continuously
Amerika Plads, lot C Copenhagen DK Mixed 6,500 50 % 2014 2016
Amerika Plads, lot A Copenhagen DK Office 5,900 50 % 2014 2016
Aarhus South, phase II Aarhus DK Retail 2,800 100 % 2014 2015
Ejby Industrivej Copenhagen DK Office 12,900 100 % - -
Østre Havn/Stuhrs Brygge Aalborg DK Mixed 36,000 50 % Continuously Continuously
Retail park, Marsvej Randers DK Retail 4,700 100 % Mid-2014 2015
Development of town centre Køge DK Mixed 26,500 100 % 2014 Continuously
The Kulan commercial district Gothenburg SE Mixed 45,000 100 % 2014 2016
Retail park, Söderhamn Söderhamn SE Retail 10,000 100 % 2014 2015
Retail park, Gävle, phase II Gävle SE Retail 15,800 100 % Continuously Continuously
Shopping centre, Jelenia Góra Jelenia Góra PL Retail 7,320 30 % Early 2014 End-2015
Residential Park, Bielany,  remaining phases Warsaw PL Residential /services 48,350 100 % Continuously Continuously
Bytom Retail Park Bytom PL Retail 25,800 100 % Continuously Continuously
Most Retail Park, phase II Most CZ Retail 2,000 100 % - -

*) m² indicates TK Development's ownership share of the individual projects.