Amager Strandpark is a newly developed part of Copenhagen with a unique location due to a mix of coastal landscapes, sea views, good infrastructure and close proximity to the city center.

Amager Strandpark was a major redevelopment project which went from an old industrial area to 53,000 m2 of residential, retail and commercial space.

More than 15,000 m2 was sold to pension funds and operated as a rental property portfolio. 43,000 m2 of townhouses, condominiums, small shops and commercial units have successfully  been built and delivered.

The remaining areas are currently under construction and consist of 4,900 m2 of residential space and 4,600 m2 of commercial space.

Amager Strandpark

8 unique and popular townhouses with Copenhagen’s best beach in the back yard. The architect’s goal was to recreate, in a modern setting, the old Danish village atmosphere from the nearby Dragør.

Strandstien

An architectural lighthouse accommodating urban people’s desire to combine the facilities of a big city with the feeling of living in nature, by the seaside. 

ALFA developed Strandtårnet in partnership with another developer and currently owns and rents two commercial leases, approx. 275 sq m in Strandtårnet.

Strandtårnet

Groning, the architect behind the project imagined a “great ship” whose well illuminated apartments have views over the city of Copenhagen on one side and the sea (Øresund) on the other. The project, located across from the nicest beach in Copenhagen consists of 35 luxury condominiums and 7 retail shops.

ALFA developed Strandkanten in partnership with another developer and currently owns and lets the 7 retail shops, approx. 1,000 sq m, which are currently fully let.

Strandkanten 

14 storey tower consisting of 40 luxury condominiums and 3 commercial spaces with spectacular sea views and walking distance to a modern, high speed metro, 10 min to the historic centre of Copenhagen.

ALFA developed Nordtårnet in partnership with another developper and currently owns and lets 3 condominiums on the ground floor, approximately 300 sq m, currently let to Copenhagen Beach Apartments AirBnB.

Nordtårnet

Designed to simulate a racing catamaran with the stern pointing towards the sea (Øresund), Strangården stands out due to the large private terraces enjoyed by a significant portion of the 56 exclusive condominiums. 

ALFA developed Strandgården in partnership with another developer and currently owns and lets the 5 commercial spaces at the ground floor that enjoy a privileged location, right in front of the most popular beach in Copenhagen. 

Currently one available retail unit at 459 sq m.

Strandgården

12 condos and 8 townhouses with an impressive common roof terrace. The townhouses are each 99 – 107 sq m distributed over two floors, with additional approx. 50 sq m large and extremely usable lower floor. The unique apartments of 62-73 sq m
 are distributed with 6 on the ground floor and 6 on the first floor,
all with flexible furnishing options.

Strandstrædet

17 very special townhouses, with green, organic path. The northern row of townhouses contains 8 homes of 194 – 206 m2 incl. lower floor, separated by organic green path – with four townhouses on each side. These townhouses are distinguished by an additional living room on the 2nd floor with direct access to the east- and west-facing roof terrace. The southern part of the rows consists of 9 contiguous townhouses of 173 – 185 m2 incl. undertage. These townhouses have a roof terrace with pergola and private area.

Øresundsrækkerne

IrmaByen is Rødovre's new, vibrant city district that offers sense of community and allows for new stories to be told - with a name that keeps the past alive. IrmaByen is built where the grocery chain Irma's old domicile was located.

IrmaByen is characterized by exciting and varied architecture with an attractive location in beautiful, green surroundings, located only eight kilometers from the City Hall Square in Copenhagen.

Approximately 1,000 new homes of a total of 135,000 m2 will be built. When IrmaByen is fully developed in a few years, Rødovre's new district will house around 3,000 residents.

17,300 m2 of residential, retail and commercial space is currently under construction.

Irmabyen


Terraces are the recurring theme in this building with 138 condominiums. Roof top terraces in shifted levels and terraces at ground level offer limitless opportunities for enjoying the sun and view from your preferred perspective. Here again, to facilitate the built up of a community, part of the building was designated for the 60 plus segment

Terrassehaven

15 townhouses, each with their own exquisite architectural expression, created with affectionate references to the townhouses, ‘Kartoffelrækkerne’, in the centre of Copenhagen. The slated facades are a big part of the identity of the houses and seem almost alive with the bays elegantly erupting the lines.

Skiferhusene

21 one-level townhomes, most with a private orangery, were created for the 60 plus segment. A well-planned house, optimized for minimal maintenance and easy access. Large common spaces and gardens were designed to create cozy, meeting places and facilitate the building of a strong community.

Orangerihaven

Four tower blocks with 73 condominiums in total. The architecture of the buildings is inspired by Irma’s strong identity and firm values; quality, sense of responsibility and eye for simplicity. This reveals itself on the sturdy facades rising in solid, cubic shapes broken by terraced levels, creating visual variations and quality, protected outdoor spaces.


Mokkahusene

40 townhouses created for families with children using quality materials. Modern lay-outs with open spaces carefully optimising every square meter, making room for both privacy and family time.


Espehaven

46 rather large condominiums with private and common outdoor spaces. The building is shaped as an ‘L’ in order to fit smoothly in its surroundings and to provide shelter to the private courtyard with space for the youngest to play. As in the other developments in Irma Byen, focus is placed on practical layouts with large windows and useful private terraces.


Udsigtsparken


16 townhouses where you do not have to choose between nature and the city, because here everything is within reach. BARRISTARÆKKERNE consists of beautiful, modern terraced houses in both two and three levels with the Espelunden park as neighbour.

Baristarækkerne

In Stempelhusene’s cooperative housing, focus is on the community. Ownership and the right to enjoy the eye-catching architecture as well as the many green outdoor areas is shared. The four houses stand as single, harmonious imprints – as a small family in characterful architecture and green surroundings. Stempelhusene offers six residential roofs in each of the houses.


Stempelhusene

With a unique location directly to IrmaByen’s own park, Den Grønne Kile, outdoor space and views have been an important factor in the creation of Parkkanten. The ground floor apartments are raised in level, so even on the ground floor you lhave direct view of the park. The large, deep balconies, which offer the light, the view and the green life from the park all the way inside, are also a hallmark of Parkkanten’s homes. On the 6th floor there is a very special two-level penthouse which has private roof terraces at the top.


Parkkanten

The Plantagerækkerne consists of four different housing types divided into 4 rows with 5 terraced houses in each – and with fine green areas between the rows for play and outdoor life and activities. In addition, IrmaByen is connected to Espelunden via a small gravel path, which elegantly meanders between the Plantagerækkerne, and thus creates accessibility and community for pedestrians and cyclists.


Plantagerækkerne

ESPEPORTEN consists of 50 owner-occupied flats and completes IrmaByen to the north, where the buildings mark the transition between town and park. ESPEPORTEN rises in staggered building heights along Espelunden’s large, green park area to the north, and out to IrmaByen’s own park, Kilen, to the east. To the south, the L-shaped buildings form the framework for a beautiful, open southwest-facing courtyard environment, raised on terrain that catches the afternoon and evening sun. Two gate openings in the building provide access to all the greenery on the other side.
Currently under construction for handover in spring 2023.

Espeporten

The Kernehuset building was developed by ALFA Development and sold to Bouwfonds.  The project consists of 82 beautiful, well-functioning apartments ranging from 71 sq m to 135 sq m. All apartments have a large, beautiful and secluded balcony that can function as an extra room as soon as spring and summer arrive. The apartments are designed in a timeless Nordic style with light-coloured walls, beautiful hardwood floors, designer kitchens and quality details throughout. Light floods in from the large windows and brightens up the functional rooms with high-standard finishes.

Kernehuset (IB9)

A NEW LIVING EXPERIENCE – A NEW WAY OF LIFE
Among the first in Denmark, we introduce a convenient, social and intergenerational rental community in an inspired serviced environment. With unfurnished apartments and hotel-like amenities – and a Community Team to guide and help you along the way.

LIVING BY ALFA’s interior is designed by the prominent Danish designer Ulrik Wang, merging fitted interiors to improve residents’ quality of life. Ulrik’s long-term expertise designing restaurants, hotels and projects around the world unfolds beautifully throughout LIVING BY ALFA’s many common areas.

LIVING BY ALFA completes the award winning IrmaByen neighbourhood in Rødovre – surrounded by lush nature, a curated selection of retail, easy access to sports fields, schools and accessible infrastructure – with only 8 kilometers from the Copenhagen City Hall Square.
LIVING BY ALFA offers 101 apartments for families and singles, 62 apartments for the 55plus segment and 7 retail spaces. In addition to this there are 2 large retail spaces, pre-let to supermarkets ALDI and REMA1000. LIVING BY ALFA is currently under construction and will start welcomin the first residential tenants in early 2023. 

LIVING BY ALFA

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In Dyrehaven's backyard, ALFA has built Kgs. Lyngby's new, vibrant urban area, Trongården. The project consists of 120 townhouses and condos and 67 residential apartments. The Ecolabelled neighbourhood was finished and the last residences handed over in September 2022. 

Trongården

Next door to Dyrehaven (a UNESCO World Heritage Site), on the old Trongaard grounds, we have developed a 24,000 sq m residential area consisting of exclusive rental apartments as well as townhouses. The 120 condos and townhouses were handed over in September 2022. 

Trongården Condos

Next door to Dyrehaven (a UNESCO World Heritage Site), on the old Trongaard grounds, we have developed a 24,000 sq m residential area consisting of exclusive rental apartments as well as townhouses. In april 2021, ALFA sold the 67 rentals to international investor Blackrock.

Trongården Rentals

In the center of Herlev, we have converted an industrial plot into 28.391 m2 of residential space distributed on 164 rental apartments, 43 youth apartments and 37 condominiums, at a total of 244 residential units. The project was sold to an international investor in June 2021.

Den Grønne Fatning

The old post office in Herlev has been converted into a residential area consisting of 7.811 m2 of modern rental apartments as well as 200 m2 of commercial space. The project was sold to an international investor in June 2021.

Frimærket

In the charming old harbour area of Limhamn, near Malmö we are developing 21.000 m2 of exclusive “bostädsrätter”, (owner apartments in a typical Swedish legal structure), distributed on the three projects Styrbord (67 residences, sold out and handed over in 2020), Babord (54 residences, handed over in 2022) and Karnaphuset (70 residences, handed over in 2023/2024).

Kajkanten - Sweden

In the charming old harbour area of Limhamn, near Malmö we are developing 21.000 m2 of exclusive “bostädsrätter”, (owner apartments in a typical Swedish legal structure), distributed on the three projects Styrbord (67 residences, sold out and handed over in 2020), Babord (54 residences, handed over in 2022) and Karnaphuset (70 residences, handed over in 2023/2024).


Styrbord - Sweden

Babord - Sweden

In the charming old harbour area of Limhamn, near Malmö we are developing 21.000 m2 of exclusive “bostädsrätter”, (owner occupied apartments in a typical Swedish legal structure), distributed on the three projects Styrbord (67 residences, sold out and handed over in 2020), Babord (54 residences, handed over in 2022) and Karnaphuset (70 residences, selling now and to be handed over in 2023/2024).


Karnaphuset - Sweden

A PLACE FOR COLLABORATION AND KNOWLEDGE SHARING

ALFA WORK is the place to be for scale-ups that approach new ways within sustainability, technology, customer experience and social relations. We gather the brightest minds, providing a place for collaboration and knowledge sharing.

The property offers 4.382 m² commercial space (3.450 m² office and 932 m² basement) and 65-75 parking lots.

ALFA Work

Tastefully renovated, beautiful old warehouses from 1908, originally built to house FDB. A total of 78 rental units consisting of offices, sound studios, restaurants and cafés.

Currently 3 units available: 43, 56 and 457 sq m

Njalsgade

Beautiful property from 1927 and 2003. The old part of the property has been used as a showroom by Citroën since 1927 and is now let to Mercedes-Benz. The new part of the property is built of stone, glass, steel and wooden slats on the facade.

Currently 1,200 sq m available on the first floor.

Sydhavnsgade

4 newly renovated rental apartments and 1 retail space in a beautiful building from 1800 located in the heart of Strøget, Copenhagen’s central pedestrian shopping district.

Frederiksberggade

Beautiful corner property from 1899 located in the heart of trendy Nørrebro, right across from the new metro stop in the “Assistens Kirkegården” park. It consists of 8 rental apartments and one commercial space.

Nørrebrogade

Kalcium is a new condominium project with 61 apartments and three townhouses in a prime location right next to the majestic Kalkbrottet nature reserve in the new Elinegård district in Malmö.

Here you live with unique panoramic views over the Öresund Bridge and the beach environment in the new charming residential area that is now emerging as a continuation of the old well-established quarters in Limhamn, Annetorp and Djupadal.

With a very attractive mix of unique natural environments, quiet atmosphere, good schools, good service and central Malmö's offerings within quick reach, Kalcium offers accommodation for anyone looking for a home and a location with a little extra quality of life.

ALFA Development is developing in collaboration with Sundproject and the first residences will be handed over in early 2023.

Kalcium - Sweden

ALFA Ventures was established last year with the aim of contributing to a transformation in the property industry towards a more sustainable, user-oriented and digital future. The second investment of the year now goes to Proper, which automates the work of residential landlords in managing tenancies and communicating with tenants.

Proper was founded by Morten Krarup and Jacob Funch in 2017 with a mission to rethink the long-term property rental industry and create the best possible experience for both landlords and tenants. The platform is currently used to manage +9,000 leases for close to 1,000 customers. Via advanced software, Proper handles all aspects of letting and automates all tasks associated with housing administration. This applies to both collection and reconciliation of rent, rent adjustments, accounting, contracts and much more.

ALFA Ventures and 14Peaks Capital led the funding round, which also includes byFounders and Preseed Ventures. With new funding secured, Proper's goal is to conquer the European market, initially the Dutch and German markets.

_"Proper's digital solution has the potential to significantly streamline the long-term rental market. They use modern technological solutions that are already widely used in other industries, but are completely new in the real estate industry. Their platform can be scaled across the European markets, making Proper's potential huge. With a stated mission to create the best possible experience for landlord as well as tenant, Proper shows the will to put the user and the people first, which is exactly what the real estate industry needs. We are proud to have had the opportunity to support Proper and look forward to scaling the platform together with the strong team of employees and investors,"_ says CEO of ALFA Ventures, Anders Dalskov.

__"Property management is probably one of the last industries to be digitized. In almost the entire European market we see landlords handling their processes manually or using IT solutions that were developed in the 90s. Our product automates the day-to-day tasks of landlords. A disruption the industry truly needs,"_ says Proper CEO, Morten Krarup.

ALFA Ventures aims to invest €20 million in start-up companies over the coming years. Just two months ago, ALFA Ventures invested in Captego, whose platform simplifies and improves the quality of the important inspection process. The portfolio also includes Stykka, which has digitized the entire process for the design, production and sale of kitchens and built-in fixtures, Wise Home, which generates automated consumption accounts and data-driven insight into properties, and Nextfood, which works with vertical farming, which can reduce the environmental impact of farming with +95%. In 2019, ALFA Development contributed to the establishment of PropTech Denmark, a non-profit organization with a mission to promote innovation, technological development and digital transformation within real estate.

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ALFA Ventures invests in proptech comet Proper

With an ambition to invest in startups with the potential to transform the property industry, ALFA Ventures has just invested in Captego, as it prepares to roll out its pioneering Field Data Engine in the rest of Europe and the USA.

ALFA Ventures was established last year with the aim of contributing to a transformation in the property industry towards a more sustainable, customer-centric and digital future. A recently landed investment in proptech company Captego marks the latest investment in the series.

Captego was founded in 2018 with the ambition to transform and simplify data collection and documentation, in the construction industry as well as others. On this basis, Captego has developed a unique platform that communicates with an intelligent camera app, rendering the daily inspection work both user-friendly and easily accessible. Captego differs from other solutions on the market by both being close at hand, via an app on the phone, but also by transforming all inspections into automated reports with a few clicks. In addition, the app can be adapted to the individual inspector and the individual inspection, which makes Captego's solution particularly flexible, while at the same time being data-driven and innovative.

_"The real estate industry is undergoing transformation when it comes to sustainability and digitization. With ALFA Ventures, we want to be part of the solution by supporting the companies we believe can lead the way in this transformation. Captego is a very good example of this with their platform that both simplifies but also raises the quality of the important inspection process. We observe significant efficiency improvements and a significant lift in data quality for customers using Captego. The potential for Captego is enormous – not only within the property industry but also within a wide range of other industries. We are proud to have had the opportunity to support Captego and look forward to rolling up our sleeves with the amazing team behind Captego,"_ says Anders Dalskov, who is CEO of ALFA Ventures.

_“At Captego, we are building a category-defining solution that finally unlocks the true value of field data. We are thrilled to have investors that share our bold vision and are committed to supporting Captego at this early stage. With ALFA Ventures and VF Venture on board, we will be able to expand our presence across the continent and continue building on our world class technology,”_ says Bjarke Bentzen, Co-Founder and Head of Customer Success at Captego. 

_“Thanks to our investors in this seed round, it unlocks our ability to scale across Europe and truly redefine how field data is collected, managed and actioned,”_ concludes Jeremy Sparrow, who cuncurrently joins Captego as new CEO.

Over the next 5 years, ALFA Ventures aims to invest €20 million in start-up companies. ALFA Ventures has already invested in i.e. Stykka, which has digitized the entire process for design, production and sale of kitchens and fixtures, Wise Home, which generates automated consumption accounts and data-driven property insight, and Nextfood, which works with vertical farming, to reduce the environmental impact of agriculture by 95 -99%. In 2019, ALFA Development also contributed to the establishment of PropTech Denmark, a non-profit organization with a mission to promote innovation, technological development and digital transformation within real estate.

EJW Anders Dalskov.webp

ALFA Ventures and Vækstfonden  invest in proptech company Captego

As of 1 September, ALFA Development has acquired 20,000 square meters of land on Rovsingsgade in Copenhagen with a view to transforming the existing business area into a new sustainable neighbourhood focusing on quality of life, community, green areas and diversity.

With the newly acquired plot of land on Rovsingsgade, ALFA Development plans to unite Copenhagen areas Nørrebro, Østerbro and Nordvest in a new, safe neighbourhood with a special focus on diversity, community and sustainability, collaborating closely with the Municipality of Copenhagen and the other landowners in the area. The plan is to create a mixed urban district with a combination of housing and light commercial activities.

Rovsingsgade stretches over 1.3 km in the old industrial area on the border between Nørrebro, Østerbro and Nordvest. The street connects Tagensvej and Lyngbyvej and functions as an extension of the old railway, which has now been transformed into the popular Nørrebroparken.

Today, the area houses several major car chains and industrial buildings that have increasingly been accompanied by innovative start-ups and various types of creative businesses that have settled and given new life to the area. On the other side of the plot is a large residential area, with a combination of freehold flats, cooperative housing and public housing, while one of the area's largest industrial buildings has just been completely renovated and converted into a modern office.

The area offers several green areas that complements the urban expression and ensure that the residents of the area can easily and safely move around on foot and by bicycle. The area is surrounded by specialist shops and large supermarkets, and schools, institutions and sports facilities are within walking distance. The area offers several cafés, restaurants and bakeries, while the metro, train and bus lines make the infrastructure optimal, whether you are going in or out of the city.

_”With the acquisition of the Rovsingsgade plot, we want to create a new neighbourhood that complements and strengthens the many qualities that the area already offers. It must be a green and sustainable neighbourhood that contributes to local cohesion and quality of life for everyone who will live and be in the area, and at the same time ensures a natural connection to the surrounding city. For ALFA, quality of life and sustainability are key words, and we strive to incorporate this understanding in everything we do – from development and construction of the building to handing over the area to the new residents,"_ says CEO Jan Kristensen, ALFA Development.

At present, the plan is for the new neighbourhood on Rovsingsgade to embrace a broad target group, from the small family that appreciates the city's offerings, the security and proximity to institutions, to the senior couple who are looking for communities, green areas and good infrastructure . And there is a special reason for that:

_"The area might provide the opportunity to convert part of the plot of land on Rovsingsgade into another LIVING BY ALFA concept, the first of which is currently under construction in IrmaByen in Rødovre. Here, the focal point is community, convenience and social interaction across generations. LIVING BY ALFA are rental flats surrounded by activities, services and common areas, which are facilitated by a Community Manager who ensures that the community takes shape and is supported,"_ concludes Jan Kristensen.

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ALFA Development is to develop a new diverse neighbourhood on Rovsingsgade in Copenhagen

Jack Renteria’s strong, international experience in developing living concepts will now be applied to further strengthen ALFA Development’s expertise in developing forward-thinking living concepts. As a consultant, Jack Renteria was one of the prime forces behind the development of Alfa Development’s award-winning concept LIVING BY ALFA in IrmaByen, located in the Copenhagen area. Jack Renteria will now be responsible for refining and expanding the Living by Alfa concept in Denmark and other international markets.

"After a couple of years as an independent consultant and as a Partner and Business Development Director at 3XN Architects, I look forward to dedicating my time to development of new living concepts at one of the leading Danish developers with an international and visionary outlook. Over the years, ALFA Development has proved that innovative ideas about new living concepts are not just thoughts on a piece of paper, but can actually be realized as is the case for LIVING BY ALFA in IrmaByen", says Jack Renteria, who most recently ran his own consultancy, Generation Global. 

Generation Global has acted as a consultant to leading architectural firms and developers on new living concepts, while building a strong network in Denmark and internationally. It is this inspiration and network that ALFA Development now looks to apply to future projects. 

"Jack has the courage to invent, introduce and collaborate on new ideas. This is a good match to ALFA Development, where we want to push the boundaries of the industry and create maximum quality of life for our future renters and house owners. That’s why we are so pleased that Jack has joined us to further develop and expand the LIVING BY ALFA concept in Denmark, moving on into Sweden and Great Britain, where we are currently establishing new businesses", says Andreea Kaiser, who is Chair of the Board at ALFA Development. 

The LIVING BY ALFA concept, which ALFA Development is currently building and letting in IrmaByen, was voted Best Emerging Coliving Concept at the international Coliving Awards in June. 

"Jack has made a great effort to secure the anchoring of LIVING BY ALFA throughout the organization, and we are looking forward to welcoming the first residents of LIVING BY ALFA in January 2023 and bringing the concept to life", says CEO at ALFA Development, Jan Kristensen.

<h3>About Jack Renteria</h3>
<ul style='font-family: "Walsheim-light, sans-serif";font-weight: 400;font-size:16px;line-height:24px;letter-spacing:1px;'>
<li>As of August 1, Jack Renteria is appointed Director of Living Concepts at ALFA Development.</li>
<li>Jack Renteria was employed at 3XN Architects for 11 years, most recently as Partner and Director of Business Development.</li>
<li>For the last couple of years, Jack Renteria ran his own consultancy, Generation Global. One of his most recent clients was the spectacular Kaktus Towers in Copenhagen, where he was part of the team behind the co-living community of the Towers, designed by BIG. Besides Generation Global, the Kaktus co-living concept team consisted of Cobblestone and Copenhagen Windows, led by Catella and Høpfner Properties.</li>
<li>Jack Renteria is Co-Chair in Urban Land Institute Europe’s ’Living Concepts’ Product Council, which is an international network of real estate investors, developers and operators, whose mandate is the responsible use of land.</li>
<li>Jack Renteria has lived in Denmark for 14 years and has a Master’s Degree in International Business from The Norwegian School of Economics and Business Administration. Besides, Jack has a Bachelor’s Degree in Economics from the University of Waterloo in Canada.</li>

</ul>
<h3>About LIVING BY ALFA</h3>

Among the first in Denmark, ALFA Development introduces a convenient, social and intergenerational rental community in an inspiring serviced environment called LIVING BY ALFA. The first LIVING BY ALFA co-living community is currently under construction in IrmaByen in the Copenhagen area, where the first tenants are scheduled to move in by spring 2023. With 163 apartments, LIVING BY ALFA IrmaByen provides a generous offering of exclusive common areas that serve as an extension of the residents’ homes. A lounge, event room, cinema, children’s play room, restaurant, cleaning and holiday services are some of the common amenities offered by LIVING BY ALFA. The concept is inspired by successful and innovative living concepts across the world and is run as a partnership between leading consultants and operators in the property, hotel and restaurant sector. 

In June 2022, the LIVING BY ALFA concept was awarded best emerging co-living concept at the international Co-living Awards, held as part of the UN Habitat World Urban Forum. Coliving Awards honor and give visibility to the most thought-provoking and innovative approaches in the co-living sector.

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Strong international profile to lead concept Development at ALFA Development

The Danish living concept LIVING BY ALFA has just been named the Best Emerging Coliving Concept at the international Coliving Awards, which was held in Poland on Wednesday evening as part of the World Urban Forum. LIVING BY ALFA, which is under construction in greater Copenhagen, won both the public and professional votes. 

The Coliving Awards annually nominate the most thoughtful and innovative initiatives in the coliving sector. Last week, the second edition of the award ceremony took place as part of UN-Habitat's 11th edition of the Word Urban Forum in Katowice, Poland. Prior to the award ceremony, LIVING BY ALFA was a clear favourite in the public poll on LinkedIn with 44 % of the votes. At the award ceremony, the professional jury agreed with the public when the judging panel chose LIVING BY ALFA as the Best Emerging Coliving Concept.

The LIVING BY ALFA concept is a high-quality living concept inspired by other successful communities and concepts from around the world and is formed as a collaboration between the real estate and hospitality industries. The cornerstones of the concept are based on the core ideas of the sharing economy, community-building across generations, convenience, social responsibility and environmental sustainability.

LIVING BY ALFA consists of 101 residences that appeal to young families, singles and young professionals, as well as 62 residences for active 55plus tenants. All residents become part of the unique living environment with The Clubhouse as the central heart. The Clubhouse offers a lobby, lounge environment, home cinema, playroom for the children, orangery, common event room with kitchen for larger events, rooms for guests and a Community Team to facilitate the community and the many services. Furthermore, an app has been developed to connect the residents, the Community Team and the local area. Here, residents can find out about the latest news in LIVING BY ALFA and the neighbouring area, communicate with other residents, book services and sign up for local activities and events. 

“LIVING BY ALFA is the result of many years of research across departments within our company and in close collaboration with our partners. Together we have continuously been learning how we can best meet the needs of our customers. The amenity spaces, the range of services, activities and operations are designed to improve our tenants’ quality of life. As we roll out LIVING BY ALFA across Denmark, Sweden and the UK, our drive is to constantly be at the forefront of innovation within the coliving sector. This means looking at and reacting to megatrends such as shifts in demographics, changing family structured, urbanization/suburbanization, downsizing, and the growth of the build-to-rent sector. We are very proud of and thankful for this recognition from the Coliving Awards and for all the people who voted for us – a symbol that tells us we are on the right track,” says Group CEO with ALFA Development, Andreea Kaiser, who has spearheaded the development of the concept and received the award on behalf of ALFA Development in Katowice.

LIVING BY ALFA is currently being let in IrmaByen, close to Copenhagen, and the first tenants are welcomed in January 2023.

Read more: https://www.colivingawards.com/winners-2022 and https://livingbyalfa.com

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LIVING BY ALFA wins international award for Best Emerging Coliving Concept

2021 was a satisfactory year with high activity, resulting in a turnover of DKK 605 million. In addition, the group sold investment properties for DKK 1,074 million and acquired properties for development in Glostrup and Herlev. Net profit for the year amounted to DKK 152 million and equity increased by 18% to DKK 1,066 million, corresponding to a solvency ratio of 48%.

“I am very proud that we are, once again, delivering a satisfactory result based on solid foundations and strong teamwork. Despite another year marked by the consequences of the pandemic, everyone has made extraordinary efforts to ensure the sale of three portfolio properties and every single owner-occupied home in production with delivery in 2022,” says CEO Jan Kristensen.

<h2>EXPECTATIONS FOR THE FUTURE</h2>

ALFA Development continues its strategic work towards a long-term presence in Greater Copenhagen and Aarhus, where the company has already purchased a large area of land at Brendstrup for residential development. After making significant divestments of investment properties last year and a reluctant stance to buying land, due to high prices, ALFA Development expects the coming year to offer interesting acquisition opportunities.

"Despite a generally challenged real estate market, we are active in the market for buying land, building rights and investment properties with development potential for the development and sale of sustainable homes," says Jan Kristensen.

<h2>PLANETARY AND SOCIAL RESPONSIBILITY</h2>

ALFA Development are seeking new ways and want to develop new solutions that contribute to the development of sustainable urban environments that create the framework for people's quality of life with the least possible damage to the climate and environment. In 2021, we entered into a collaboration with the digital DGNB management platform FRAME, which ensures that all projects are monitored and documented in the future, just as sustainability measures are defined and prioritized. The goal is for all rental homes to comply with the requirements for both DGNB Gold, and for all projects to comply with the EU's voluntary sustainability class as a minimum.

In order to create the optimal foundation for growth and well-being, in 2021 ALFA Development transformed a portfolio property on Knud Højgaards Vej in Søborg into a new domicile for the group. The property is among the first 10 properties in Denmark to be DGNB Gold certified as Building in Use. In addition to this, in 2021 the developer initiated the construction of the DGNB-precertified serviced living concept LIVING BY ALFA in IrmaByen.

With an ambition to contribute to a transformation in the industry towards more sustainable and customer-oriented solutions, the group established the sister company ALFA Venture ApS in 2021 with a goal of investing € 20 million in start-up companies within the real estate industry.

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Strong results for ALFA Development based on strong activity and outstanding team efforts

ALFA Development is already established as a solid Danish and growing Swedish development company with projects in Copenhagen, Aarhus, Malmoe and Lund. Next step is a new company in the British market headquartered in London. 


”With the international expansion, we sought a new name and brand that would encompass both our heritage and our vision. We want to send a signal about continuity and innovation. As regards letters and pronunciation, ELF and ALFA are close, which provides a certain recognition. But ALFA is also new and expresses our ambition to seek new ways and challenge the thinking of the industry”, says Andreea Kaiser, who is Head of the Board of ALFA Development. 




The new name is accompanied by a new logo, a tree as a symbol of the wish to make something grow and blossom. At the same time, the tree expresses ALFA Development’s wish to develop sustainable neighbourhoods that are centered on the dwellers’ quality of life, and on protecting the climate and natural environment. 



The new name is only a name change and does not imply any changes to ongoing activities, contracts and partnerships. Jan Kristensen continues as CEO of ALFA Development in Denmark. 



”The strategy of ALFA Development remains the same. We want to develop attractive neighbourhoods targeted the mid-income segment in Denmark’s largest cities, primarily the metropolitan Copenhagen area and Aarhus. We aim to grow our business as a trendsetting developer company in the market”, says Jan Kristensen. 



<h2>New Foundation with focus on sustainability </h2>

At the same time as the launch of the new brand, founders Andreea Kaiser and Ludvig Find have established the Planetary Responsibility Foundation (PRF), which targets issues of sustainability in a broader sense. The mission of PRF is to plant native trees at the edges of national parks in areas with high biodiversity, thus returning land back to nature and sequestering carbon.  The foundation will also create an international digital platform where members can share solutions on how to make the real estate industry more sustainable. Companies under the ALFA Development umbrella pledge up to DKK 100 million over the next ten years to the Planetary Responsibility Foundation.

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ELF Development Becomes ALFA Development

The commercial area Hersted Industripark in Glostrup will be transformed into a new neighbourhood in the coming years through the preparation of new local plans. As part of this transformation, ALFA Development will transform Smedeland 6 into a vibrant sub-district of 15,000 sq m in total, corresponding to approx. 170 newly built homes of between 55 and 100 sq m.

ALFA Development is currently preparing a district plan for the property. It is expected that we will be able to commence the construction in early 2023.

<h2>A green and community-oriented vision </h2>
Smedeland 6 is located close to green areas, good infrastructure, sports activities, school and daycare. In this way, the location creates the optimal framework for a diverse, urban neighbourhood that can bring together a wide group of residents.
The vision of the new neighbourhood is to establish a modern, green and vibrant urban plan with a strong focus on safety, community and sustainable solutions. For instance, the plan is to create green areas between the units where residents can meet across generations and housing types. The shared sense of identity will be established, while security and cohesion between residents will be highly prioritised throughout the creation of the new neighbourhood.

In addition, the new neighbourhood will have a green profile and will for instance be DGNB GOLD certified, meeting the voluntary sustainability class and supporting diverse plant and animal life. Among other things, the plan is to facilitate utility gardens, direct paths to the surrounding green areas and a communal house with local produce.

"We have a clear vision for our ongoing development projects as well as for projects that are on the drawing board. The vision is particularly linked to the three main focus areas; sustainability, quality of life and biodiversity. Of course, this also forms the basis for the further process with Smedeland 6 in Glostrup," says Jan Kristensen, CEO in ALFA Development.

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ALFA Development acquires commercial property in Glostrup: New, sustainable neighbourhood on the way

Since the establishment in 2016, Wise Home has developed a software system that can deliver fully automated consumption accounting for e.g. electricity, water and heating. The system is based on the fact that all meters in a property are connected in an open-source network which offers an exciting digital potential (e.g. in energy optimisation, water damage, air quality and alarms).

“Wise Home's focus is completely in line with our own ambitions, and we have analysed Wise Home's solutions in relation to our own portfolio with very good results. The system may not only provide us with significant financial savings by making us aware of resource wastage, but may also benefit the entire industry and the environment in the long run by simplifying the process of, for example, DGNB certification of buildings in use ", says CEO in ALFA Development, Jan Kristensen.

"ALFA is a very forward-thinking real estate developer that is helping to raise the bar in the industry. Proptech is also an integral part of their DNA, which is why they are the right investor for us. In addition, ALFA is an experienced and active investor that can bring crucial competencies and resources to the table that will help accelerate the implementation of our strategy," says Per Holst, founder and CEO in Wise Home.

<h2>New investment strategy targeted towards promising tech start-ups</h2>
The investment in Wise Home is the latest step in ALFA Ventures' major investment strategy with the ambition to invest € 20 million in start-up companies in the real estate industry. The companies will be selected based on their ability and potential to contribute to a transformation of the industry towards more sustainable and customer-oriented solutions as well as their ability to support the core business of ALFA Development. As a starting point, ALFA Ventures invests directly in companies from the (pre)seed phase to Series A. The goal is a balanced and diversified portfolio of 15-20 companies. ALFA Ventures intends to make further investments in 2022.

"The real estate industry is an important part of today's climate change challenges and therefore we must do our best to be part of the solution. The demand for more sustainable solutions is growing steadily and we believe that both the technologies and the culture in the industry are generally mature enough for us to succeed in delivering on that demand. Our industry knowledge can be a helping hand to the companies we invest in, and in turn we ensure to be at the forefront of new solutions, technologies and opportunities in the market in order to support our core business", says CEO in ALFA Ventures ApS, Anders Dalskov.

ALFA Ventures has previously invested in companies such as Stykka, who has digitalised the entire process of design, production and operation of furniture (kitchen, storage, etc.), the urban-tech fund 2150, who invests in technologies to promote the green development of cities, and Nextfood, who works with vertical farming that can reduce the environmental impact of agriculture by 95-99%. In 2019, ALFA Development also contributed to the establishment of PropTech Denmark, a non-profit organisation with a mission to promote innovation, technological development and digital transformation in real estate.

<h2>About Wise Home</h2>
The company Wise Home A/S was established in 2016. Wise Home is founded by a team of experts in the relevant fields - from monitoring technology and automated digitalisation to property management and the many challenges associated with this. An agile team with valuable industry experience and a clear vision for securing the future of rental properties.
Wise Home is the way to the intelligent property. Managing rental properties involves many manual workflows that are both cumbersome and time consuming. Wise Home has a stated goal of making the hassle easy. The path to the goal goes through monitoring, digitalising and automating workflows so you can spend your time on value-creating activities. That is why we offer, among other things, fully automatic consumption accounting with ongoing measurements. At the touch of a button, the distribution accounts are prepared and sent to the tenants, so that the landlord or administrator avoids cumbersome workflows. It is faster, easier and cheaper. Wise Home uses units of measurement, sensors and digitalised processes to give you an overview of relevant factors in and around the individual leases in your property. With information on everything from humidity, temperature and indoor climate to flooding and tenants' use of the property's laundry, the system can help prevent a wide range of damages and challenges associated with home rentals.

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ALFA Ventures invests in proptech company Wise Home

Over the past few years, ALFA has developed 24,000 sq m in Lyngby into the new urban neighbourhood, Trongården, consisting of 187 new homes in total. In the summer of 2020, the first residents of Trongården moved in and have ever since been crucial in transforming and shaping the area into a diverse and cohesive neighbourhood. Trongården consists of 120 townhouses as well as 67 rental homes, which ALFA sold to BlackRock Real Assets in the spring of 2021. Currently, the construction site is particularly busy as the last phase is under construction. The entire neighbourhood is expected to be completed in August 2022, when the last residents will move in.

“With proximity to both Kgs. Lyngby and Copenhagen, beautiful nature, good infrastructure, associations and schools, Trongården is a strong example of an attractive and sustainable neighbourhood which matches demand perfectly. This is very obvious as all of the 120 townhouses are now sold out, almost a year before the last residents move in. We are extremely pleased with this, as urban neighbourhoods built with quality of life in mind for both residents and the surrounding community are our absolute focus for the future," says Jan Kristensen, CEO in ALFA.

ALFA Development is also the developer of IrmaByen in Rødovre - another incredibly successful and popular project. Here, ALFA has transformed Irma's old domicile into a completely new, 135,000 sq m neighbourhood. As in Trongården, the interest in IrmaByen has been enormous and many of the projects were sold out even before the completion of several of the sub-areas. In 2023 when IrmaByen is fully developed, the district will be home to approx. 3,000 residents. 

<h2>Facts about Trongården</h2>
At the outer edge of Dyrehavegårds Jorder, TRONGÅRDEN rises as part of a larger development of the eastern part of Kgs. Lyngby. Here, housing and recreational areas mix with business, research and innovation. TRONGÅRDEN consists of 187 units divided into both owner-occupied and rental homes in beautiful, architectural lines. The neighbourhood is developed by ALFA Development and designed by Arkitema Architects, while HHM is the main contractor.

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ALFA Development announces Trongården, Kgs. Lyngby's new neighbourhood, sold out

ALFA Development has developed and built Den Grønne Fatning in Herlev; 27.000 sqm divided into 164 rental residences, 45 youth housing residences and 37 owner-occupied residences. Den Grønne Fatning is named after the incandescent lamp factory which was located on the site until 1988.


After two years in own portfolio, ALFA has sold the popular rental residences to AXA IM Alts, which will take over the property on June, 1 2021. Cushman & Wakefield | RED have advised ALFA in the sale process.



"We are very proud of the sale of another in-house developed residential rental property to AXA IM Alts. Again, I have to highlight our strong organisation, which has contributed to the success, and underline that we have the competencies to manage the entire value chain. Our core business is development for the private market but this year's three investor sales are indicative of a business area that we would like to build on in the future as a supplement to the development and sale of owner-occupied housing," says CEO in ALFA Development, Jan Kristensen.



<h2>Popular homes in green surroundings</h2>
In 2016, ALFA acquired the first plot at Hørkær in Herlev and after the acquisition of the adjacent land in 2017, construction began. The construction was completed in 2019.
In collaboration with Mangor and Nagel, ALFA has developed Den Grønne Fatning with the charming inner Copenhagen districts in mind. The four buildings are designed in different heights, materials and surfaces as a patchwork enclosing the green courtyard. A unique architectural twist is the very special city gardens at first floor level, which connect the various buildings and create a sense of community among the residents.

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ALFA sells 164 newly constructed units in Herlev to AXA IM Alts

A total of 187 units will be built in accordance with the Nordic Swan Ecolabel standards. The neighbourhood, developed in collaboration with Arkitema Architects, is conceived as an urban village where people thrive across generations, professions and family patterns. 
In mid-March, the last eager residents took over their homes in the first phase of TRONGÅRDEN, which consists of 47 owner-occupied units and 67 residential rental units. Only one month after the handover, ALFA Development has now sold the 67 rental units to BlackRock Real Assets, which has taken over the property as of 15 April 2021.

"We are very pleased with the sale of TRONGÅRDENS residential rental units to BlackRock - it has been a reasonable process and we are happy with the cooperation. This is the second project in a very short time where we have developed, built, rented out and finally sold to an international investor. I am proud of our strong team, which once again proves that we can manage the entire value chain. At the same time, the sale underlines a business area that we would like to build on in the future, as a supplement to the development and sale of owner-occupied housing," says CEO in ALFA Development, Jan Kristensen, adding that the rental units are not yet fully let, but well on their way.

"After a very good process and a constructive cooperation with ALFA Development, we are very pleased to acquire these newly constructed units which meet the standards of the Nordic Swan Ecolabel and are situated in a very attractive area near Copenhagen. The deal is in line with our Nordic real estate growth strategy and is a testament to our commitment both to the Nordic real estate market and to sustainable investment across asset classes," says Anton Friling, Vice President of BlackRock Real Assets' Nordic real estate team.

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ALFA Development sells newly constructed residential properties to BlackRock Real Assets

ALFA Development has, in collaboration with Oliver Grundahl Architecture, developed and built Frimærket in Herlev; 90 residential rental residences and a commercial lease on Herlev's former post office site - a total of 8,011 sqm. Less than a year after handing over the new rental residences to the new tenants, ALFA Development has now sold the property to an international investor who will take over the property on 1 April 2021. Cushman & Wakefield | RED have advised ALFA in the sale process.

"I am very proud of what the organisation has achieved with Frimærket. Four years ago we bought a disused post office. Since then, all employees have contributed to the success with their respective competencies. Everyone has been involved in either the development, construction, rental or the sale of Frimærket. This is teamwork at its best," says CEO in ALFA Development, Jan Kristensen and adds: "of course, I would also like to thank our suppliers and partners who have made a solid effort and contributed to making it all possible." 

<h2>A great success</h2>
In 2013 Herlev's post office closed after 59 years of operation and ALFA Development acquired the closed post office from the municipality of Herlev in 2017. In collaboration with the municipality and Oliver Grundahl Architecture, ALFA Development prepared a district plan proposal to transform the area into a new residential area. In 2018 the district plan was finally approved and shortly after also the building permit, whereafter the transformation of the historic post office could be set in motion. 

After the demolition of the old building in 2018, construction started in January 2019 and a year later the rental of the 90 newly constructed residences in Frimærket began. At the official rental start, more than 250 potential tenants visited the first open house event. Despite a 2020 marked by Covid-19, ALFA announce that Frimærket was almost fully let within six months and even before the final handover in July 2020. Frimærket is now buzzing with life from the young couples, families with children and seniors who have moved into the modern setting on the historic post office property, which is now being passed on to an international investor.

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ALFA sells 90 newly constructed units in Herlev to international investor

ALFA Development has taken on Jannick Sikker Mikkelsen as Acquisition Manager in the development division. In collaboration with the rest of the acquisition team Jannick will be responsible for expanding the company's pipeline of development projects on the Danish market.

"ALFA has ambitions to grow the core business, and the hiring of Jannick is part of the strategic development of the organisation in order to ensure a stable pipeline of projects so we can execute faster and complete more projects in the future," says CEO for ALFA Development, Jan Kristensen.

ALFA's Acquisition Team conducts ongoing structured market analyses to evaluate investment opportunities and develop business cases. The hiring of Jannick brings additional analytical skills to the department in order to expand and elevate the company's data and knowledge base to the next level.

Jannick is a strong analyst and comes most recently from a position as Investment Analyst at the Swedish real estate company Heimstaden, where he has helped develop the company's investment business in Denmark. Jannick holds a BSc in Economics & Business Administration and a Master in Finance & Accounting from Copenhagen Business School and started his career with six years in Nordea as Financial Analyst, Head of Advanced Analytics Solution Delivery and most recently as BI Analyst.

"We are very much looking forward to strengthening our development division with a strong analytical profile as Jannick and we are sure that Jannick will be a great asset in building our portfolio and developing future business cases", says Development Director Mette Thiberg, who joined ALFA on February 1st.

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ALFA Development strengthens the organisation with Acquisition Manager

A dream, but an ambitious dream, as we wanted to create a different company with a high level of quality in both process and product.

WE ARE DRIVEN TO HELP PEOPLE PROSPER AND GROW IN SAFE AND SUSTAINABLE HOMES AND NEIGHBOURHOODS


We have thorough market knowledge and work with a high degree of integrity. Being part of competent, diverse group we are adaptable, tolerant and work well together.


We take responsibility for creating lasting value with thought-through solutions. We work with reliable partners who can deliver the quality we want to bring to our customers.

We stand by our word. We prioritize long-term and close relationships based on fairness

We work dedicatedly and with passion to achieve good results for us, our partners and our customers.

Over more than a decade, ALFA Development has built a highly skilled organization and strong relationships with preferred partners to add value across the entire development process.

We believe that whatever you do in life, do it well. If not, find something else to do. No one will gain from only doing something half-heartedly.”

Our sustainability approach rests on three cornerstones: climate and environmental impact; social impact; and biodiversity impact.

Planetary Responsibility Foundation 
In 2022, our Founders established the Planetary Responsibility Foundation. ALFA Development gives an annual pledge to the Foundation that will develop and deploy nature recovery projects that will sequester carbon and expand the space for biodiversity to flourish.

ALFA Development is a real estate company with expertise in developing large-scale urban areas as well as in the conversion and renovation of existing buildings.

Sweden
ELF Development AB
Adelgatan 21
21122 Malmö

info@elfdevelopment.dk
faktura@elfdevelopment.dk

Org.no.: 559089-3151

ALFA Development is a real estate development company that designs and builds neighbourhoods that support life-long growth among the people who live, work or stay in them.

Sustainability approach 
The built environment shapes lives and profoundly affects nature. As developers, we are aware of our responsibility to bring about sustainable change in a long-term perspective.

OUR PURPOSE IS TO HAVE A POSITIVE IMPACT ON PEOPLE AND NATURE BY RAISING THE STANDARDS OF OUR INDUSTRY

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