It occupies a rectangular space which is bounded on the other sides by University of Copenhagen's main building to the north, Nørregade to the west and pedestrianized Fiolstræde to the east.
[1] A new residence for the Roskilde Bishops was built on the square in about 1420, shortly after Eric of Pomerania had taken over Copenhagen Castle.
[3] The building was completely destroyed in the Copenhagen Fire of 1728 and subsequently replaced by Theatrum Anatomico-chirurgicum on Købmagergade.
Its main building and the professorial residences on the corners of Fiolstræde and Store Kannikestræde were destroyed by fire together with the church.
[1] Denmark's economy suffered greatly from the war with England and many public buildings needed to be rebuilt after the bombardment.
They depict the composer Christoph Ernst Friedrich Weyse and the bishops Hans Lassen Martensen Jacob Peter Mynster.
[6] Every year in August, since 1983, Frue Plads plays host to an annual arts & craft market, Kunsthåndværkermarkedet.