Carlsberg has closed a number of breweries as part of its work to streamline the business, and this has resulted in Carlsberg developing and selling former brewery sites for residential and commercial use.
Our participation in these projects needs to be seen in the light of our desire to free up capital and realise hidden assets in the Group. Hence Carlsberg has participated actively in the development of the former Tuborg sites north of Copenhagen for a number of years now.
The decision taken in 2006 to close the brewery in Valby in Copenhagen means that there will be a great deal of work on property development and sales in the coming years too.
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