▁ Ø rest ad ▁is ▁, ▁being ▁about ▁ ▁wide ▁and ▁ ▁long . ▁The ▁central ▁part ▁of ▁ Ø rest ad , ▁ Ø rest ad ▁City , ▁is ▁located ▁ ▁west ▁of ▁C open hagen ▁Airport ▁K astr up ▁and ▁ ▁south ▁of ▁C open hagen ▁city ▁centre . ▁▁ Ø rest ad ▁borders ▁Islands ▁Bry g ge ▁to ▁the ▁north , ▁T år n by ▁to ▁the ▁east , ▁and ▁the ▁extensive ▁Kal ve b od ▁Commons ▁to ▁the ▁west . ▁ ▁History ▁ ▁The ▁legisl ation ▁regarding ▁ Ø rest ad ▁was ▁en act ed ▁in ▁ 1 9 9 2 ▁because ▁the ▁un used ▁areas ▁were ▁regarded ▁as ▁being ▁too ▁valuable . ▁ Ø rest ad ▁Development ▁Corporation ▁( Ø rest ad ss elsk abet ▁I / S ) ▁was ▁founded ▁March ▁ 1 1 , ▁ 1 9 9 3 ▁to ▁manage ▁the ▁growth ▁of ▁the ▁city ▁district . ▁The ▁corpor ation ▁is ▁owned ▁ 5 5 % ▁by ▁C open hagen ▁municipality ▁and ▁ 4 5 % ▁by ▁the ▁Ministry ▁of ▁Fin ance . ▁The ▁development ▁is ▁expected ▁to ▁take ▁ 2 0 ▁to ▁ 3 0 ▁years ▁at ▁a ▁cost ▁of ▁about ▁€ 1 7 5 ▁million , ▁and ▁it ▁is ▁expected ▁that ▁ 2 0 , 0 0 0 ▁people ▁will ▁live ▁in ▁ Ø rest ad , ▁ 2 0 , 0 0 0 ▁will ▁study , ▁and ▁ 8 0 , 0 0 0 ▁people ▁will ▁be ▁employed ▁in ▁the ▁area .