The partnership

In October 2025, Freja Ejendomme, Realdania By & Byg and the City of Odense signed a cooperation agreement to form a land development company. The company will take over and facilitate the development of the approx. 274,000 m2 area located in the centre of Odense on the current site of OUH. Together, the partners will transform the area from a hospital to an urban area.

The three partners have decided to form a joint company to combine their strengths, knowledge and experience in one organisation, thereby driving the urban development in the most expedient way. Over a number of years, the company will gradually sell properties and building rights to investors who aim to develop and sell or let housing or premises to businesses or cultural organisations, etc.

Future scenario

As a foundation for the area’s transformation, the partnership has formulated a future scenario for 2045. Together with a set of shared values it serves as guiding principles for the direction the partners wish to take:

"In 2045, the area that once housed Odense University Hospital has been transformed into Odense’s new mixed-use urban area. Residents have moved in, businesses are thriving, and an atmosphere of creativity and enterprise mingles with everyday life in the streets. The old buildings quickly lit up with activity, and the area has become an attractive and green city quarter with a strong identity offering pulse, experiences and jobs for the entire region.

The development is rooted in the area’s unique history, identity and qualities as well as regenerative 
principles and driven by both courage and consideration for cycles in nature and people’s health and well-being. Over time, the ambitions have been sharpened in line with the partnership’s values of striking a balance between social, environmental, cultural and economic goals. Pilot projects have helped pave the way and give momentum to the transformation – collectively creating lessons learnt and model value both 
nationally and internationally."