The new corporate centre, which is expected to be ready for occupancy at the end of 2013, is said to create more than 300 jobs during the construction phase.
Novo Nordisk president and CEO Lars Rebien Sorensen said although Novo Nordisk is primarily set to grow outside of Denmark in the coming years, they are looking forward to consolidating the administrative functions in Bagsværd.
"The new buildings will give our employees the best conditions for interacting across functional divides and with our colleagues abroad," Sorensen said.