The property portfolio

...a balanced collection of important examples of Danish architectural tradition

Bispebjerg Bakke

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Bertel Udsens Hus

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Bryghusprojektet

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Clemmensens Hus

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Det Harboeske Enkefruekloster

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Edvard Heibergs Hus

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Esken

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Fredericia Råd-, Ting- og Arresthus

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Gunnløgssons Hus

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Havnemesterboligen

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Hindsgavl Slot

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Jarmers Plads

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Oluf Bagers Mødrene Gård

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Riises Landsted

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Søetatens Pigeskole

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Tietgens Ærgrelse

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Willumsens Hus

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Arne Jacobsens Hus

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Nørre Vosborg

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Rosenhuset

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Arne Jacobsens Hus

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"Arne Jacobsen's own house - Strandvejen 413" 

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History

Realea A/S was founded in 2003 as a wholly owned subsidiary of the Realdania Foundation. Realea is based in the city of Odense, and is headquartered in a renaissance merchant's house, which is named "The Maternal House of Oluf Bager" after a wealthy merchant who built the house in 1586. Realea restored the house to its former glory in 2004, putting parts of it to new use, such as converting the former granary into a modern open office environment.

Objective

As a subsidiary of the Realdania Foundation the primary objective of Realea is to accumulate a portfolio of historic and modern buildings, in keeping with the Foundation's strategy of improving the built environment. Secondly, the company represents a centre of excellence for the Realdania Foundation in the fields of property portfolio management and building conservation technology.

The property portfolio should in time constitute a balanced collection of important examples of Danish architectural tradition and style, with a broad geographic distribution throughout every region of Denmark. The portfolio may also include properties that have particular cultural or historical significance.

The properties owned by Realea must constitute part of the Danish cultural heritage in the broadest sense: The portfolio will therefore cover a whole range from historical listed buildings to newly built properties, with significant architectural, cultural or historical values in common.

Realea acquires properties to ensure that qualities, which might otherwise be lost or never realized, are passed on for future generations. As a rule Realea only acquires a property when the company's engagement will make a difference with respect to what the market is able to sustain. Prospective historical properties will thus often be under threat from irreversible decay or from irreversible changes, or will be in a state where it makes sense to try to call forth some or all of their original features.

Realea's engagement in new construction is restricted to cases where the proposed new building cannot be built on market terms, for reasons of economy or traditional constraints. New buildings in the portfolio must therefore be of a significant experimental character with respect to architecture, technology, or location.

The fundamental criterion for the acquisition of a given property is that it can be put to a use that will generate sufficient profits to cover revenue expenditure and all future maintenance costs, as a way of guaranteeing its long-term conservation.

Public awareness of and access to the properties in the portfolio is crucial to the company's policy. Therefore all properties are to some extent accessible to the public, either on special occasions (open house arrangements) or on a daily basis, depending on the character of the property. The public awareness policy also includes the publishing of various publications about the conservation and history of each building.

Realea A/S invests annually between one and two hundred million DKK