New Apartment Tower Set to Transform Amagerbro: What It Means for the Copenhagen Market

Construction began this week on a new 20-storey apartment building at 59 Holmbladsgade—marking the tallest residential project in Amagerbro to date and sending ripples through Copenhagen’s fast-moving property market. Developer Nordic Living Group expects the 175-apartment tower, dubbed 'Skyhaven', to be move-in ready by late 2028.

Pressure on Supply, Concerns Over Affordability

The announcement lands amid growing calls for increased housing capacity across the city. With rents in Østerbro and Vesterbro regularly topping DKK 2,500 per square metre, and average sale prices for owner-occupied flats hitting DKK 59,200 per square metre (according to Boligsiden’s June 2026 report), many first-time buyers and renters have been squeezed out of central districts. The arrival of a major residential development in Amagerbro—a neighbourhood once defined by warehouses and workers’ terraces—signals City Hall’s determination to direct growth outside the historic core while alleviating some of the housing squeeze.

'Skyhaven' is just a stone’s throw from Lergravsparken Metro and four blocks from Sundbyøster Skole. Nearby, the Mærsk Tower and Blox are testaments to Copenhagen’s recent architectural ambitions, but few projects have pushed so far into working-class Amager. City planning documents reviewed by The Daily Copenhagen indicate that 36 of the tower’s units will be classified as 'almen bolig'—affordable rentals managed with input from the Amagerbro Boligforening. The remaining flats will go to market, targeting upscale tenants and families looking for more space at lower prices than Indre By.

Data Points: What the Numbers Reveal

Demand remains intense. The city added only 978 new residences across all neighbourhoods in 2025, far short of the target set when Socialdemokratiet and Radikale Venstre formed their coalition in Rådhuset. The influx of foreign professionals—particularly from pharma, logistics, and green tech firms like Novo Nordisk and Ørsted—has outstripped new supply. According to EjendomDanmark’s May rental index, average monthly rents in Amagerbro climbed from DKK 1,950 per square metre in 2022 to DKK 2,365 in 2026. The Skyhaven tower is facing mixed reaction: some local residents are pushing for an even higher percentage of units earmarked for non-profit housing, while investors point to similar developments at Nordhavn and Carlsbergbyen, where luxury towers were fully leased within a year of completion.

The new tower is expected to slightly ease upward pressure on rents locally, but experts from Copenhagen Economics caution that it is only a drop in the bucket given regional demand. Still, the city’s 2026 housing plan prioritises projects along metro lines—like this one—as it seeks to boost both density and liveability.

What’s Next for Buyers and Renters?

Pre-sales of the market-rate units will begin in February 2027, with show flats opening from spring. Local agents at Home Amagerbro and Nybolig Sundby report waiting lists forming for both sales and rental apartments. Prospective buyers may see modest opportunity: prices are expected to start around DKK 48,000 per square metre—below Østerbro averages but well above Amager’s smaller walk-ups. Residents concerned about gentrification and traffic will have until September to submit public comments to the city’s Teknik- og Miljøforvaltningen before final planning approval is granted.

For Copenhageners watching the market, the Skyhaven project is both a sign of surging demand and a test for the city’s ambitious growth strategy. Final unit allocations and affordable housing quotas will be set after community consultation this autumn.