Copenhagens 500-year-old university is to exchange its historic city centre faculties for three modern campuses in the Danish capital. The cost of the move is estimated at Dkk2.5 billion which will be offset by the savings of Dkk100million annually on high rents paid by the university for its 73 premises across Copenhagen. Natural and health sciences will be moved to the North Campus in the Nrrebro quarter, to be housed in the Panum Medical Institute. The South Campus, to be set up at the universitys existing premises at Amager, will house the faculties of law, theology, education and computer science while the City Campus will be home to faculty of social science in the recently renovated Centre for Health and Society. The universitys central address at Vor Frue Plads square, which also houses the oldest lecture halls, will be retained. The move to the new high-tech campuses should be complete by 2012.