Horten advised Carlsberg Byen in connection with a DKK 2.4 billion financing agreement entered into with the major Danish pension fund, PKA. The billion kroner loan is to be used to finance the next stage of the development of Carlsberg Byen.

The agreement implies that all development projects covered by a local plan with a right to build are financed when initiated.

The agreement will enable Carlsberg Byen to develop and construct approx. 125,000 m2 in the historic area of Copenhagen. The new buildings to be constructed in the years to come will consist of residences, but also liberal and retail trade and underground car parks for approx. 400 cars. When Carlsberg Byen has been completed, the urban area will consist of approx. 600,000 square metres mixing the old preservation-worthy industrial buildings with new buildings, including approx. 3,000 dwellings, a variety of shops, culture, restaurants, cafés, offices, liberal trade, sports facilities and institutions. 

Horten has assisted Carlsberg Byen in relation to all legal and strategic matters in connection with the transaction. The facility agreement implies that there will be financing available for all development projects covered by a district plan, with a right to build, once development is initiated.

The agreement will enable Carlsberg Byen to develop and construct approx. 125,000 square metres in this historic area of Copenhagen. The new buildings to be constructed in the years to come will consist of residences, but will also include offices, retail and underground car parks for approx. 400 cars. When Carlsberg Byen has been completed, this urban area will consist of approx. 600,000 square metres mixing the old preservation-worthy industrial buildings with new buildings, including approx. 3,000 dwellings, a variety of shops, culture, restaurants, cafés, offices, liberal trade, sports facilities and institutions. 

Horten assisted Carlsberg Byen with respect to legal and strategic matters in connection with the transaction. 

contacts

Claus Bennetsen

Partner

Lars Lüneborg

Partner