60 Carlsberg Properties and Foundations Carlsberg Properties Carlsberg Properties handles Carlsberg A/SGLYPH<213> property portfolio, including the development and building on the approx. 400,000 m$^{2}$ former domicile and plant of Tuborg Breweries over- looking the sound between Denmark and Swe- den in Hellerup, north of Copenhagen. At Tuborg Nord, which constitutes almost half of the extensive area, construction of two large company domiciles for NCC Danmark and icl invia with a total floorage of about 22,000 m 2 was completed this year. The last major company domicile of about 16,000 m$^{2}$, which will house inter alia Microsoft, is under construc- tion and completion is expected by the end of 2002. The non-residential part, which covers about 80% of Tuborg Nord, will then be com- pleted. During the year, a non-residential area of dom- icile buildings with a floorage of about 48,000 m$^{2}$ has been sold to the pension insurance company PKA. In addition, TuborgGLYPH<213>s old mineral water plant with a floorage of about 9,000 m 2 has now been sold to the Oticon Foundation. The remaining part of the Tuborg Nord area will be used for housing construction. The first phase with construction of 40 high-quality flats has been completed, and the second phase with construction of 46 similar flats is expected to be completed by the end of 2002. The flats are sold as condominiums. The phase one flats were sold very quickly, and to a wide extent this is also the case with phase two. About 100-130 flats still remain before development and con- struction of the entire Tuborg Nord area is com- pleted, and phase three, with construction of about 50 flats, is expected to start at the begin- ning of 2002. The development of Tuborg Syd got off to a good start. The plans include the possibility of constructing about 100,000 m$^{2}$ for non-residen- tial building (including existing, retained proper- ty), about 100,000 m$^{2}$ for flats and approx. 25,000 m$^{2}$ for public purposes. It is thus expected that the first domicile con- struction with a floorage of about 13,000 m$^{2}$ will be completed in 2002 with a domicile for the ac- counting firm (Arthur) Andersen, among others. Furthermore, a new school of about 7,500 m$^{2}$ built by the local authorities - the school of the future - is expected to be completed by the start of the new school term in the summer of 2002. Additional domicile construction is expected to commence in 2002. The Carlsberg Bequest to the Memory of Brewer J.C. Jacobsen On 1 October 1938 - 50 years after the Carlsberg Foundation took over brewer J.C. JacobsenGLYPH<213>s brewery Gammel Carlsberg (Old Carlsberg) - the foundation established the Carlsberg Bequest to the Memory of Brewer J.C. Jacobsen as a tribute to the foundationGLYPH<213>s founder, whose extensive en- gagement in society is well-known. Since its establishment, the trust has granted about DKK 200m measured in current value to approx. 6,000 large and small projects within all branches of society. At present, the trust grants about DKK 4m annually to about 180 activities in Denmark. GLYPH<210>CarlsbergGLYPH<213>s Research Prize for the Promotion of ChemistryGLYPH<211> of DKK 100,000 was awarded for the first time this year. The prize is presented as a tribute to chemical research, and this year it was awarded to Professor, PhD Mikael Begtrup of the Royal Danish School of Pharmacy. The wide range of causes that benefit from the trust is illustrated by some of the grants awarded this year: The yacht club in Noerresundby DKK 12,000 to purchase a weather station with anemometer in order to secure safety at sea. The UN museum, the former concentration camp at Froeslev DKK 15,000 to purchase monitors and a slide projector for the presentation of movies and slides from the Danish contingents worldwide.