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.
 

Completed
Project City Country Segment m2 * TK Construction start Opening
Strædet Køge DK Mix 950 100 % March 2015 2018
In progress
Project City Country Segment m2 * TK Construction start Opening
Beddingen 7A, Østre Havn Aalborg DK Residential 3,500 50 % June 2017 Late 2018
Nyhavnsgade 3, Østre Havn Aalborg DK Residential 1,325 50 % Early 2018 Early 2019
Beddingen 5A, Østre Havn Aalborg DK Residential 3,050 50 % Mid-2018 Late 2019
SporbyenScandia (sold conditionally) Randers DK Mixed 9,250 50 % - Q4 2018/19
SporbyenScandia Randers DK Mix 54,750 50 % - Continously
Smedegaarden Holbæk DK Mix 3,200 100 % September 2018 Late 2019
Retail park, Södertälje Södertälje SE Retail 8,000 100 % Early 2018 Spring 2019
















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