Denmark

Operational initiatives

Nature finance

Public institution

New Cultural Hub – Fredericia Municipality

Client

Fredericia Municipality

Services

Operational Transformation & Implementation

Sustainable Growth & Commercial Impact

Project Description

Developing the business case to transform Bülow's Kaserne into a multi-functional cultural venue

The Project

Bülow's Kaserne (Barracks) is a historically significant, architecturally distinctive building at the heart of Fredericia, operating well below its potential — underused, poorly connected to the surrounding city, and without a clear identity. Fredericia Municipality saw an opportunity to turn it into a multi-functional cultural venue but needed a decision-ready business case before taking the project to political and philanthropic decision-makers. The task was to build the full analytical and strategic foundation the project needed to move from ambition to action.

Our Approach

Upstream Partners developed the business plan for Kulturkasernen Fredericia, covering strategy, financial viability, and implementation. The work included:

Conducting a market and site analysis covering cultural demand, accessibility, connectivity, architectural identity, surrounding development, and benchmarking against comparable venues

Mapping potential local restoration initiatives and relevant stakeholders

Mapping potential local restoration initiatives and relevant stakeholders

Defining a renewed vision and strategic positioning for Kulturkasernen and translating it into a 15,000+ m² area-use plan

Defining a renewed vision and strategic positioning for Kulturkasernen and translating it into a 15,000+ m² area-use plan

Developing a sustainability analysis covering renovation, operations, social inclusion, and biodiversity

Developing a sustainability analysis covering renovation, operations, social inclusion, and biodiversity

Building a 10-year financial model covering approximately DKK 303 million in capital investment, break-even from year six, and financing from municipal, philanthropic, EU, and private sources

Building a 10-year financial model covering approximately DKK 303 million in capital investment, break-even from year six, and financing from municipal, philanthropic, EU, and private sources

Impact

The business plan gave Fredericia Municipality a complete and credible foundation for political decision-making and external fundraising. By combining rigorous market analysis with a realistic financial model, Upstream Partners helped translate a long-standing ambition into a concrete, investable project.

Contact us for more information

Thilde Nørgaard Holm

Partner

+45 20 28 35 85

tnh@upstream.partners

Let's work together

Join Upstream Partners in our mission to create a sustainable, nature-positive future. By working together, we can meet international goals and protect the planet for future generations.

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Understanding dependencies. Driving transformation.

Copenhagen

(+45) 20 28 35 85
cph@upstream.partners
CVR: 45189961

New York

+1 (917) 450-5622
nyc@upstream.partners
EIN: 99-5118639

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Understanding dependencies. Driving transformation.

Copenhagen

(+45) 20 28 35 85
cph@upstream.partners
CVR: 45189961

New York

+1 (917) 450-5622
nyc@upstream.partners
EIN: 99-5118639

Stay connected

By submitting your email, you agree to receive news and updates from Upstream Partners. You can unsubscribe at any time. See our Privacy Policy for how we handle your data.

© Upstream Partners 2026

Privacy Policy

Cookie Policy

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