The Theobald Stein statue was erected in 1881 as a monument to Niels Juel. During the late 17th century, he was responsible for creating a formidable Royal Dano-Norwegian Navy. The admiral led fleets in several sea skirmishes against Sweden, culminating with the Battle of Køge Bay in 1677. This bronze tribute is located on Holmens Kanal. The small street was named after a navy canal that was here from 1606 until 1860. Admiral Niels Juel is buried a short distance away in Holmens Kirke.