Behind the scenes: Four Seasons arrives in Copenhagen

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One of Copenhagen’s most recognisable squares, Kongens Nytorv, is set to gain a new neighbour in the highest tier of luxury.

The former headquarters of Danske Bank, one of the most iconic buildings in central Copenhagen, is being transformed into a hotel firmly positioned in the international top league.

It will be operated by the Canadian luxury hotel group Four Seasons, marking the stage for one of the most ambitious hotel developments in Denmark to date.

The total investment in the wider development exceeds approximately €540 million.

Overview of the area currently being developed by the Thylander group

Although Danske Bank sold the property back in 2016, parts of its operations remained in the building for several years, only fully relocating when the new headquarters in Postbyen finally opened in 2024. A new chapter is now being written, with plans for a mix of hotel, retail and office space rather than banking.

This week marked a decisive step forward as Four Seasons signed the lease agreement with the ownership group behind the development, consisting of Thylander A/S in partnership with KanAm Grund Group on behalf of a German pension fund.

The plan is to transform the historic property into a hotel with more than 100 rooms across approximately 22,000 square metres. The project is also part of a wider redevelopment, aiming to elevate the area between Kongens Nytorv and Christiansborg into an exclusive new city district.

Total investment in the broader area exceeds €540 million, while the hotel project alone is expected to surpass €135 million. The ambition is a neighbourhood where hospitality, business and retail blend into a more international and experience-driven city centre, with strong respect for Copenhagen’s heritage.

The project is expected to be completed in 2028.

We are very excited to welcome Four Seasons

For Thylander, the transformation is also about working with history rather than against it.

As Bjarke Mikkelsen, CEO and partner at Thylander, puts it:

“For more than 400 years, the area around Laksegade has been shaped by those who lived and worked here. First sailors, then merchants, and for the past 150 years the world of finance. Now a fourth chapter begins with the development of a vibrant new district in Copenhagen.

We are very excited to welcome Four Seasons as a key part of this transformation. It is a great honour for us to respect the heritage of this remarkable area while creating a new chapter that feels both relevant and long-term for Copenhageners and visitors alike.”

With Four Seasons as a driving force, Copenhagen is not only gaining a new luxury hotel, but also a clear signal that the city continues its move into the very top tier of the global hotel scene.

Bjarke Mikkelsen, CEO, Thylander Gruppen