Historic Copenhagen Stock Exchange Damaged in Fire, Reconstruction Costs Uncertain

The iconic Old Stock Exchange in Copenhagen suffered significant damage in a fire, raising concerns about preserving Denmark's cultural heritage. Authorities are assessing the cost and timeline for reconstruction.

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Wojciech Zylm
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Historic Copenhagen Stock Exchange Damaged in Fire, Reconstruction Costs Uncertain

Historic Copenhagen Stock Exchange Damaged in Fire, Reconstruction Costs Uncertain

Copenhagen, Denmark - The iconic Old Stock Exchange building in Copenhagen suffered significant damage in a large fire that broke out on Tuesday. The 400-year-old landmark, considered a leading example of Dutch Renaissance architecture in Denmark, saw its roof and dragon-tail spire collapse during the blaze. A large section of the outer wall also fell inward, adding to the destruction.

Firefighters have been working tirelessly to stabilize the burned-out structure and remove debris, but their efforts encountered a setback when a crane-mounted shear tool fell into the ruins. The cause of the fire remains unclear, and authorities have not yet entered the burned part of the building to investigate.

While the most valuable paintings and items inside the Old Stock Exchange were saved, the building itself is in a precarious state, with the possibility of further collapse. The Danish Chamber of Commerce, which owns the building, has pledged to completely rebuild it, but the financing for the reconstruction remains undecided.

Why this matters: The Old Stock Exchange is not only a significant historical landmark in Copenhagen but also a symbol of Denmark's rich architectural heritage. The damage caused by the fire and the uncertainty surrounding its reconstruction have raised concerns about the preservation of the country's cultural treasures.

Estimates suggest that the reconstruction could cost millions or even billions of Danish kroner and take years to complete. Danish Prime Minister Mette Frederiksen visited the site and expressed support for the rebuilding efforts, stating, "It is a very beautiful building that means a lot to many Copenhageners and Danes. I know that there is a desire to rebuild." However, she added that it was too early to determine if the government would participate in the financing.

The Old Stock Exchange, located next to the Danish parliament on the waterfront, is a cherished landmark in Copenhagen. The damage caused by the fire has left many Danes in shock and mourning. As the Danish Chamber of Commerce and authorities assess the extent of the damage and develop a reconstruction plan, the future of this historic building hangs in the balance, with the cost and timeline for its restoration yet to be determined.

Key Takeaways

  • Historic Old Stock Exchange in Copenhagen suffered major fire damage.
  • Roof, spire, and outer wall collapsed, causing significant destruction.
  • Firefighters encountered setbacks, and cause of fire remains unclear.
  • Building is in precarious state, with possibility of further collapse.
  • Rebuilding plans and financing are yet to be determined.