The property is located on Stradgate 7 and was at first erected as an administrative building for B&W. Nordea has been located in the building between 1993 and 2017, when they relocated their Danish headquarters to Ørestaden.
 
In conjunction with the reconstruction, ATP would like build vertically and increase the height of the building. Furthermore, they wish to create a pedestrian path between Knippelsbro and the port boardwalks.