Axel Juhl-Jørgensen, a prominent Danish businessman who built a property empire of concrete developments in the 1970s before weathering one of Scandinavia's most spectacular bankruptcies, has died at the age of 94. His death was announced by his daughter Marlene Juhl-Jørgensen on Instagram on July 9.
Born in Gårslev in 1932, Juhl-Jørgensen amassed a portfolio of concrete housing projects alongside partner Bøje Nielsen, selling developments at speed before the pair fell out in a public dispute. After Nielsen's firm collapsed in the early 1980s — then Denmark's largest bankruptcy — Juhl-Jørgensen took over the company and renamed it Danbyg. He later filed for bankruptcy himself in the early 1990s.
Juhl-Jørgensen, who until his death held the title of honorary consul for Cameroon in Denmark, is survived by two daughters.