- Project launch in Copenhagen’s historic center: Construction has begun on the first phase of the Laksegade Quarter, located in prime position on Kongens Nytorv (or “The King’s New Square”).
- Revitalization of a former financial hub: This first phase marks the start of redeveloping a 50,000 square meter urban quarter, transforming it into a vibrant mixed‑use district with offices, a hotel, retail spaces, and thoughtfully designed public areas.
- Long term investment: KanAm Grund Group, on behalf of an investment fund held by a German pension scheme, manages the asset and leads the development in cooperation with Thylander A/S, based in Copenhagen.
In the historic heart of Copenhagen, in the prime position on Kongens Nytorv (or “The King’s New Square”), work has officially begun on the transformation of Laksegade Quarter. The roughly 50,000 square meter site previously served as an important financial hub for nearly 150 years. It will now be redeveloped into an open, lively urban quarter blending offices, a hotel, retail, and high-quality public spaces.
The KanAm Grund Group acquired the property in 2020 on behalf of an investment fund held by a German pension scheme and manages the asset on their behalf. After the departure of the previous long term tenant, Danske Bank, the site is being carefully refurbished and repositioned for modern, sustainable mixed use. KanAm Grund Group oversees the urban redevelopment in partnership with Danish local Thylander A/S.
Construction begins – first phase of implementation
A general contractor agreement with NCC has been signed, launching the first stage of the physical transformation. This initial phase includes renovating five office buildings and creating two new retail units. The original architecture of the quarter will be uncovered and preserved, while new design solutions - such as improved indoor climate control and enhanced accessibility - will be integrated to meet the needs of modern occupiers in such a landmark location. The goal is to merge historical architecture with functional and inspiring workplaces.
A new chapter for a unique Copenhagen distric
Anthony G. Bull-Diamond, Managing Director and Head of Investment and Asset Management Europe at KanAm Grund Group, explains: “With the start of construction, we are opening a new chapter in the story of this remarkable neighborhood. The combination of architectural heritage, prime location, and the opportunity to rethink urban use responsibly makes this project exceptional. Together with our partners, we are creating a vibrant part of the city life that blends tradition and future in harmony.”
Preserving heritage – creating new urban life
The development aims to preserve the quarter’s historic character while introducing new opportunities for work, community, and city life. Carefully restored architecture, modern energy concepts, and a lively mix of uses will reintegrate the area into Copenhagen’s dynamic urban fabric.