Nykøbing Falster other cities in Denmark with the name of Nykøbing. Nykøbing Falster is the seat of state and regional authorities. In addition to those two namesakes, a city in Sweden is called Nyköping, which means exactly the same in the closely related language. There is a 0.5 kilometer long commercial district, walking street ("gågade") on the Falster side of the city with a wide selection of shops. At the end of the street is a large plaza where special events are arranged. These include popular late-night events, which are held several times a year. It has a large central library in
Falster the coast. In the 16th century, Falster had a number of farms which were owned by the local nobility but, from 1560 to 1630, they were slowly returned to the crown which once again owned the entire island. Therefore, Falster could therefore be used as the dowry for Frederick III's wife, Sophie Amalie but as a result of the high taxes which resulted, many of the farms were deserted. Falster was managed as a crown estate from 1718 until 1766 when it was sold by auction and divided up into ten large farms, five of which were given large new