Realdania Byg A/S was founded in 2003 as a wholly owned subsidiary of the Realdania Foundation. Realdania Byg 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. Realdania Byg 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.

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