FLSmidth has entered into a share purchase agreement with Nrep and AG Gruppen to sell the land and buildings located at its corporate headquarters in Valby, Denmark, for DKK 730 million.
The company has been based at Vigerslev Allé since 1899. Since 1956, the iconic red-brick buildings, designed by architect Palle Suenson, have served as home to the global business.
FLSmidth announced plans in 2022 to relocate to a new corporate headquarters at Havneholmen in Copenhagen. The move is currently scheduled for late 2025.
The expected net cash proceeds from the sale will be allocated with the company’s general capital allocation priorities as well as to general corporate purposes.
Source: FLSmidth