Login to access your documents and resources.
The client portal are currently unavailable
Which type of investor are you?
Global Cities

Copenhagen, the pioneer of smart town planning

Stefan Wundrak
Head of Research, Real Estate, Europe
Cycling in Copenhagen

Stefan Wundrak explains why we believe Copenhagen will be among the most innovative and fastest-growing cities in Europe - considering infrastructure, town planning and positive ‘cycle-karma’ culture.

Copenhagen was among the first cities in Europe to take town planning to a new level. In 1947, the city developed the so-called 'five-finger' plan, which defined five development corridors along public transport lines pointing inland away from the city.

Copenhagen pioneered the walkable city approach, investing into public transport from the early 1970s and later progressively expanded cycle lanes. The bicycle-friendly city index puts Copenhagen in first place globally even ahead of self-declared cycling Mecca Amsterdam. Copenhagen has more bikes than people and five times as many bicycles are on the city roads than cars. 50% of people commute to work by bike on 390km of dedicated cycle tracks.

However, the city has not neglected other infrastructure. Since 2000, the motorway and rail Öresund bridge has linked Copenhagen with the mainland of Scandinavia through Swedish city of Malmö. It also has a 43km long driverless circle metro line, which covers 40 stations, due to open in 2019. 2018 saw construction begin on the Fehmarn belt tunnel to Germany, which will place Copenhagen as the gateway between the Scandinavian Peninsula and Mainland Europe, and will shorten the rail connection between Copenhagen and Hamburg by 160km. This puts the infrastructure in place to keep Copenhagen among the most innovative and fastest-growing cities in Europe, while preserving the city's status as one of the most liveable places globally, with an outstanding quality of life.

Copenhagen's success with town planning is as much down to developing a strong culture of using public spaces and a focus on citizens as it owes to specific projects. On a wider scale, Copenhagen’s planners aspire to promote sustainable solutions, using the city as a laboratory for testing new technologies and changing the mindset as much as improving the built environment.

Copenhagen's citizens didn’t embrace cycling from day one, but were cleverly nudged in that direction by making car travel more difficult while cycling was made much easier. That includes 'Karma-policemen and women' who make sure that the good Danish cycle culture and positive 'cycle karma' culture is upheld. They even give out 'karma cakes' to cyclists who show good behaviour towards their fellow cyclists.

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. Nuveen Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors LLC a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA. 

This material is provided for informational or educational purposes only and does not constitute a solicitation of any securities in any jurisdiction in which such solicitation is unlawful or to any person to whom it is unlawful. Moreover, it neither constitutes an offer to enter into an investment agreement with the recipient of this document nor an invitation to respond to it by making an offer to enter into an investment agreement. 

This material may contain “forward-looking” information that is not purely historical in nature. Such information may include projections, forecasts, estimates of yields or returns, and proposed or expected portfolio composition. Moreover, certain historical performance information of other investment vehicles or composite accounts managed by Nuveen may be included in this material and such performance information is presented by way of example only. No representation is made that the performance presented will be achieved, or that every assumption made in achieving, calculating or presenting either the forward-looking information or the historical performance information herein has been considered or stated in preparing this material. Any changes to assumptions that may have been made in preparing this material could have a material impact on the investment returns that are presented herein by way of example.

This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Nuveen to be reliable, and not necessarily all-inclusive and are not guaranteed as to accuracy. There is no guarantee that any forecasts made will come to pass. Company name is only for explanatory purposes and does not constitute as investment advice and is subject to change. Any investments named within this material may not necessarily be held in any funds/accounts managed by Nuveen. Reliance upon information in this material is at the sole discretion of the reader. Views of the author may not necessarily reflect the view s of Nuveen as a whole or any part thereof. 

Past performance is not a guide to future performance
. Investment involves risk, including loss of principal. The value of investments and the income from them can fall as well as rise and is not guaranteed. Changes in the rates of exchange between currencies may cause the value of investments to fluctuate.

This information does not constitute investment research as defined under MiFID.