Ørestad Development Corporation
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The Ørestad Development Corporation ( da, Ørestadsselskabet I/S) was a company responsible for
urban redevelopment Urban renewal (also called urban regeneration in the United Kingdom and urban redevelopment in the United States) is a program of land redevelopment often used to address urban decay in cities. Urban renewal involves the clearing out of bligh ...
of
Ørestad Ørestad () is a developing city area in Copenhagen, Denmark, on the island of Amager. The area was developed using the new town concept, closely linked with the M1 line of the Copenhagen Metro. Economically, income for the plan would be genera ...
south of
Copenhagen Copenhagen ( or .; da, København ) is the capital and most populous city of Denmark, with a proper population of around 815.000 in the last quarter of 2022; and some 1.370,000 in the urban area; and the wider Copenhagen metropolitan ar ...
, Denmark. The company was authorized by the Ørestad Act passed in 1992, and was established in 1993, co-owned by the Copenhagen Municipality (55%) and the
Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...
(45%). It was also responsible for building parts of the
Copenhagen Metro The Copenhagen Metro ( da, Københavns Metro, ) is a 24/7 rapid transit system in Copenhagen, Denmark, serving the municipalities of Copenhagen, Frederiksberg, and Tårnby. The original system opened in October 2002, serving nine stations on t ...
. The company was dissolved in 2007. Its Metro-related activities were taken over by the Metro Corporation ( da, Metroselskabet), a newly formed company that consolidated ownership and operation of the Copenhagen Metro. Its redevelopment-related activities were merged into the Area Development Corporation ( da, Arealudviklingsselskabet).


References

Real estate companies of Denmark Real estate companies established in 1993 Danish companies established in 1993 Companies disestablished in 2007 {{denmark-company-stub