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FIRE

What we know so far about the fire at Copenhagen’s old Stock Exchange

Much of the Copenhagen's 400-year-old Stock Exchange building was still on fire at midday on Tuesday. Here's what we know so far.

What we know so far about the fire at Copenhagen's old Stock Exchange
The distinctive dragon tail spire of the 400-year-old Stock Exchange building has collapsed. Photo: Linda Kastrup/Ritzau Scanpix

When did the fire break out? 

The Copenhagen fire services received the first reports about the blaze at the Børsbygningen, or Exchange building, shortly after 7.30am, when a fire alarm triggered an automatic alert. By 8am, the building had been fully evacuated and the fire services began the first phase of extinguishing the fire. 

At around 8.30am, the buildings iconic spire collapsed. By 10.30am, the fire had spread to around half of the building and several parts of the roof had fallen in. The fire has since spread to all floors of the building. 

What do we know about the fire-fighting effort? 

At 9am emergency services from all over Denmark were called in to assist in battling the fire, and 30 to 40 troops from the Royal Life Guard have also been dispatched to help police cordon off the area and help out in any other way they can. 

Fire services have described the building’s copper roof as acting like a lid over the fire, retaining heat and making it difficult to dampen the blaze. As a result the fire services initially concentrated on wetting the floors beneath the roof to prevent the blazing spreading downwards into the building. 

The fire services have now decided to remove part of the copper roof to prevent it from obstructing fire fighting efforts. 

It is likely to take 24 hours or more to fully extinguish the fire.  

What was the cause of the fire? 

So far, no information has been released about the cause of the fire, but the building was in the middle of extensive building work aimed to recreating its original facade, which was replaced during a now regretted renovation in the late 19th century. The fire may have broken out as a result of the ongoing activity. 

The head of one of the three dragons whose twisting tails make up the Stock Exchange’s distincting spire. Photo: Linda Kastrup/Ritzau Scanpix

Where is it and why is it such an iconic building? 

The Børsbygningen was built by Christian IV, the Danish king who also built the Rundetårn Tower and the Rosenborg Castle.

It is situated right next to the Christiansborg Palace, the site of the Danish parliament, and across the water from Christianshavn, the Copenhagen district Christian founded. 

Built between 1619–1640, the building is perhaps the best example of the Dutch Renaissance style so appreciated by King Christian, who wanted to imitate what he had seen then thriving Amsterdam. 

The building’s decorative 56m spire, shaped by the tails of three dragons entwined together, has long been an important feature on the skyline of central Copenhagen. 

The building continued to house the Danish stock market until 1974. 

Who has been evacuated and how is traffic affected? 

The Provianthus wing at Christiansborg Palace, the nearby seat of Denmark’s parliament, was completely evacuated early on Tuesday morning due to fears that it could be affected by flames and smoke.

The wing houses the parliament’s administrative division, the reading room for the Danish National Archives, and the offices of several MPs.

All meetings and hearings at the parliament have been cancelled with all employees being told to stay at home. 

The police cordoned off all surrounding streets on Tuesday morning, leading to delays and diversions of some bus lines in inner Copenhagen. 

What Danish national heritage has been lost? 

As well as the building’s exterior, with its iconic dragon-tail spire, the Stock Exchange also contained many historic artworks, some of them valuable.

According to the TV2 newspaper, the most significant of the paintings, “From Copenhagen Stock Exchange”, or Fra Kjøbenhavns Børs, a four-metre wide oil painting by Peder Severin Krøyer, one of the most famous of Denmark’s Skagen school of artists, painted in 1895, has been rescued. 

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TRAVEL NEWS

Where Malmö plans to place its first three Copenhagen Metro stops

Politicians in the Swedish city of Malmö have decided where the first three stops will be if a new Öresund Metro is built, linking the city to the Danish capital - and they are planning on using the earth excavated to build a whole new city district.

Where Malmö plans to place its first three Copenhagen Metro stops

Malmö and Copenhagen have been pushing for an Öresund Metro linking the two cities since at least 2011, but so far neither the Swedish government nor the Danish one have committed to stumping up their share of the roughly 30 billion Danish kroner (47 billion Swedish kronor, €4 billion) required.

Malmö hopes the Swedish government will take a decision on the project this autumn, and in preparation, the city’s planning board last Thursday took a decision on where the first three stops of the Öresund Metro should be placed.

They have selected Fullriggaren (currently a bus stop at the outermost tip of the city’s Västra Hamnen district), Stora Varvsgatan, in the centre of Västra Hamnen, and Malmö’s Central Station, as the locations of the first three stops, after which the idea is to extend the metro into the city. 

Stefana Hoti, the Green Party councillor who chairs the planning committee, said that the new Fehmarn Belt connection between the Danish island of Lolland and Germany, which is expected to come into use in 2029, will increase the number of freight trains travelling through Copenhagen into Sweden making it necessary to build a new route for passengers.

Part of the cost, she said, could come from tolls levied on car and rail traffic over the existing Öresund Bridge, which will soon no longer need to be used to pay off loans taken to build the bridge more than 20 years ago.  

“The bridge will be paid off in the near future. Then the tolls can be used to finance infrastructure that strengthens the entire country and creates space for more freight trains on the bridge,” Hoti told the Sydsvenskan newspaper.

According to planning documents given out by the city planning authorities, the stop at Fullrigagaren would be called Galeonen and would be roughly, the one at Stora Varvsgatan will be called Masttorget, and the third stop would be called Malmö Central.  

Source: Malmö Kommun

After Fullriggaren the next stop would be at Lergravsparken in the Amagerbro neighbourhood, which connects with the current M2 line, after which the there will be four new stops on the way to Copenhagen Central, including DR Byen on the current M1 line. 

The hope is that the Öresund Metro will reduce the journey time between Copenhagen Central and Malmö Central from 40 minutes to 25 minutes. 

Source: Oresunds Metro

But that’s not all. Excavating a tunnel between Malmö and Copenhagen will produce large amounts of earth, which the architect firm Arkitema has proposed should be used to extend Malmö’s Västra Hamnen district out into the sea, creating a new coastal district called Galeonen, meaning “The Galleon”, centred on the Fullriggaren Metro stop. 

This project is similar to the Lynetteholm project in Copenhagen, which will use earth excavated for the Copenhagen Metro extension to build a peninsular in front of Copenhagen Harbour, providing housing and protecting the city from rising sea levels. 

Rather than producing a sea wall to protect the new area from rising sea levels, Arkitema and its partner, the Danish engineering firm COWI, have proposed a new coastal wetland area. 

“Instead of building a wall, we extended the land out into the sea. Then a green area is formed which is allowed to flood, and over time it will become a valuable environment, partly as a green area for Malmö residents, partly because of the rich biodiversity that will be created there,” Johanna Wadhstorp, an architect for Arkitema based in Stockholm, told the Sydsvenskan newspaper
 
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