A watermill in Lyngby is first mentioned in 1492 and was then owned by the crown, although it may be several hundred years older.

[2] It became known as Lyngby Søndre Mølle after a second water mill was built a little further to the north in circa 1762.

Both watermills are seen on a map of the mew royal road to Frederiksborg Castle from 1765.

The watermill was acquired by Christian Hasselbalch who opened a curtain factory at an adjacent site in 1892.

A new watermill powered by a water turbine was the following year built at the site for the curtain factory to design by Valdemar Ingemann.