Plans for The King's New Square was laid out by Christian lV when he bought the land.The square got its name around 1670 when Christan V continued the plans and let noble families build palaces around the square. In 1672 Charlottenborg, a former royal palace, today the home of the Royal Academy of Art, was inaugerated. In the square you'll also find the New Royal Theatre which opened up at this address already in 1774.

The statue in the middle of the square is Christian V by the French sculptor Lamoureux.
In wintertime the middle of the square is transformed into a large skating-rink.