In 1749, he was one of the members of the Herman congregation who applied for royal permission to build Frederick's German Church.

He constructed a large new building fronting the street, probably to designs by the architect Georg Erdman Rosenberg.

[3] The house was then purchased by Peter Frederik Suhm Heering who needed more space for his expanding business enterprises.

He had begun a production of Cherry Heering liqueur in 1818 which had gained world-wide success.

In 1833 he had also made a move into shipping, acquiring a schooner built in Svaneke on Bornholm.

By 1858, his company, Heering Line, operated a fleet of ten merchant ships which sailed to South America and the Mediterranean Sea.

It is 16 bays long and consists of three storeys and a six-bay attica topped by a baluster-balustrade.

A sculpted cow's claw on the keystone above the gateway dates from the first owner of the house, Hans Peder Kofoed, and is a reference to his family name, Kofoed, which translates as "cow's foot" and is a name commonly associated with his native island of Bornholm.

The displays include the former office of Carl Frederik Tietgen (1829–1901), the bank's founder and director over four decades, who has also been labelled as the most significant Danish entrepreneur of all time.