<?xml version="1.0" encoding="UTF-8"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns="http://www.w3.org/1999/xhtml" xmlns:arr="http://xbrl.dcca.dk/arr" xmlns:dst="http://xbrl.dcca.dk/dst" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2010-04-20" xmlns:cmn="http://xbrl.dcca.dk/cmn" xmlns:sob="http://xbrl.dcca.dk/sob" xmlns:lnk="http://www.xbrl.org/2003/linkbase" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:basis="http://xbrl.dcca.dk/Regnskab%202.0%20Basis" xmlns:ifrs="http://xbrl.iasb.org/taxonomy/2009-04-01/ifrs" xmlns:ix="http://www.xbrl.org/2008/inlineXBRL" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:mrv="http://xbrl.dcca.dk/mrv" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:fsa="http://xbrl.dcca.dk/fsa" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:gsd="http://xbrl.dcca.dk/gsd" xmlns:xlink="http://www.w3.org/1999/xlink">
   <lnk:schemaRef xlink:href="http://archprod.service.eogs.dk/taxonomy/20201001/entryDanishGAAPBalanceSheetAccountFormIncomeStatementByNatureIncludingManagementsReviewStatisticsAndTax20201001.xsd" xlink:type="simple"/>
   <xbrli:context id="c0">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2020-01-01</xbrli:startDate>
         <xbrli:endDate>2020-12-31</xbrli:endDate>
      </xbrli:period>
   </xbrli:context>
   <xbrli:context id="c1">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2019-01-01</xbrli:startDate>
         <xbrli:endDate>2019-12-31</xbrli:endDate>
      </xbrli:period>
   </xbrli:context>
   <xbrli:context id="c2">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2020-01-01</xbrli:startDate>
         <xbrli:endDate>2020-12-31</xbrli:endDate>
      </xbrli:period>
      <xbrli:scenario>
         <xbrldi:explicitMember dimension="fsa:ResultDistributionDimension">fsa:RetainedEarningsMember</xbrldi:explicitMember>
      </xbrli:scenario>
   </xbrli:context>
   <xbrli:context id="c3">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:startDate>2019-01-01</xbrli:startDate>
         <xbrli:endDate>2019-12-31</xbrli:endDate>
      </xbrli:period>
      <xbrli:scenario>
         <xbrldi:explicitMember dimension="fsa:ResultDistributionDimension">fsa:RetainedEarningsMember</xbrldi:explicitMember>
      </xbrli:scenario>
   </xbrli:context>
   <xbrli:context id="c4">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:instant>2020-12-31</xbrli:instant>
      </xbrli:period>
   </xbrli:context>
   <xbrli:context id="c5">
      <xbrli:entity>
         <xbrli:identifier scheme="http://www.dcca.dk/cvr">38298097</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
         <xbrli:instant>2019-12-31</xbrli:instant>
      </xbrli:period>
   </xbrli:context>
   <xbrli:unit id="u0">
      <xbrli:measure>iso4217:DKK</xbrli:measure>
   </xbrli:unit>
   <gsd:InformationOnTypeOfSubmittedReport basis:version="3" contextRef="c0" xml:lang="da">Årsrapport</gsd:InformationOnTypeOfSubmittedReport>
   <gsd:DateOfGeneralMeeting contextRef="c0">2021-01-02</gsd:DateOfGeneralMeeting>
   <gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c0" xml:lang="da">Lisbeth Pedersen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
   <gsd:NameOfReportingEntity contextRef="c0" xml:lang="da">Lipsen Ejendomme IVS</gsd:NameOfReportingEntity>
   <gsd:AddressOfReportingEntityStreetName contextRef="c0" xml:lang="da">Hovedvejen</gsd:AddressOfReportingEntityStreetName>
   <gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="c0" xml:lang="da">122 st th</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
   <gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="c0" xml:lang="da">2600</gsd:AddressOfReportingEntityPostCodeIdentifier>
   <gsd:AddressOfReportingEntityDistrictName contextRef="c0" xml:lang="da">Glostrup</gsd:AddressOfReportingEntityDistrictName>
   <gsd:IdentificationNumberCvrOfReportingEntity contextRef="c0" xml:lang="da">38298097</gsd:IdentificationNumberCvrOfReportingEntity>
   <gsd:ReportingPeriodStartDate contextRef="c0">2020-01-01</gsd:ReportingPeriodStartDate>
   <gsd:ReportingPeriodEndDate contextRef="c0">2020-12-31</gsd:ReportingPeriodEndDate>
   <mrv:ManagementsReview contextRef="c0" xml:lang="da">&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Selskabets aktivitet handel, service, udlejning af fast ejendom mv.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Med baggrund i tidligere år og vilkår for 2020, herunder påvirkinger som følge af COVID-19, anses resultatet for tilfredsstillende.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;I forlængelse af COVID-19 og de nye konstaterede varianter er der så vidt vides efter regnskabsårets afslutning ikke indtruffet nogen begivenhed, som vil kunne påvirke selskabets finansielle stilling.&lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt; &lt;/p&gt;
&lt;p xmlns="http://www.w3.org/1999/xhtml"&gt;Der forventes en positiv udvikling i den kommende regnskabsperiode&lt;/p&gt;</mrv:ManagementsReview>
   <sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing contextRef="c0" xml:lang="da">Ledelsen anser betingelserne for at udelade revision for opfyldt.</sob:ConfirmationThatFinancialStatementsAreExemptedFromAuditing>
   <fsa:Revenue contextRef="c1" decimals="0" unitRef="u0">0</fsa:Revenue>
   <fsa:ExternalExpenses contextRef="c1" decimals="0" unitRef="u0">1942652</fsa:ExternalExpenses>
   <fsa:GrossResult contextRef="c1" decimals="0" unitRef="u0">-1942652</fsa:GrossResult>
   <fsa:GrossProfitLoss contextRef="c0" decimals="0" unitRef="u0">-125036</fsa:GrossProfitLoss>
   <fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c0" decimals="0" unitRef="u0">-125036</fsa:ProfitLossFromOrdinaryOperatingActivities>
   <fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c1" decimals="0" unitRef="u0">-1942652</fsa:ProfitLossFromOrdinaryOperatingActivities>
   <fsa:IncomeFromOtherLongtermInvestmentsAndReceivables contextRef="c1" decimals="0" unitRef="u0">2625000</fsa:IncomeFromOtherLongtermInvestmentsAndReceivables>
   <fsa:OtherFinanceExpenses contextRef="c0" decimals="0" unitRef="u0">32158</fsa:OtherFinanceExpenses>
   <fsa:OtherFinanceExpenses contextRef="c1" decimals="0" unitRef="u0">135147</fsa:OtherFinanceExpenses>
   <fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c0" decimals="0" unitRef="u0">-157194</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
   <fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c1" decimals="0" unitRef="u0">547201</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
   <fsa:TaxExpense contextRef="c0" decimals="0" unitRef="u0">-34583</fsa:TaxExpense>
   <fsa:TaxExpense contextRef="c1" decimals="0" unitRef="u0">0</fsa:TaxExpense>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">-122611</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c1" decimals="0" unitRef="u0">547201</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c2" decimals="0" unitRef="u0">-122611</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c3" decimals="0" unitRef="u0">547201</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">-122611</fsa:ProfitLoss>
   <fsa:ProfitLoss contextRef="c1" decimals="0" unitRef="u0">547201</fsa:ProfitLoss>
   <fsa:LandAndBuildings contextRef="c4" decimals="0" unitRef="u0">12566480</fsa:LandAndBuildings>
   <fsa:LandAndBuildings contextRef="c5" decimals="0" unitRef="u0">12766480</fsa:LandAndBuildings>
   <fsa:FixturesFittingsToolsAndEquipment contextRef="c4" decimals="0" unitRef="u0">308874</fsa:FixturesFittingsToolsAndEquipment>
   <fsa:FixturesFittingsToolsAndEquipment contextRef="c5" decimals="0" unitRef="u0">308874</fsa:FixturesFittingsToolsAndEquipment>
   <fsa:PropertyPlantAndEquipment contextRef="c4" decimals="0" unitRef="u0">12875354</fsa:PropertyPlantAndEquipment>
   <fsa:PropertyPlantAndEquipment contextRef="c5" decimals="0" unitRef="u0">13075354</fsa:PropertyPlantAndEquipment>
   <fsa:NoncurrentAssets contextRef="c4" decimals="0" unitRef="u0">12875354</fsa:NoncurrentAssets>
   <fsa:NoncurrentAssets contextRef="c5" decimals="0" unitRef="u0">13075354</fsa:NoncurrentAssets>
   <fsa:ShorttermTradeReceivables contextRef="c4" decimals="0" unitRef="u0">23751</fsa:ShorttermTradeReceivables>
   <fsa:ShorttermTradeReceivables contextRef="c5" decimals="0" unitRef="u0">35100</fsa:ShorttermTradeReceivables>
   <fsa:VatAndDutiesReceivables contextRef="c4" decimals="0" unitRef="u0">589</fsa:VatAndDutiesReceivables>
   <fsa:VatAndDutiesReceivables contextRef="c5" decimals="0" unitRef="u0">329632</fsa:VatAndDutiesReceivables>
   <fsa:OtherShorttermReceivables contextRef="c4" decimals="0" unitRef="u0">4912</fsa:OtherShorttermReceivables>
   <fsa:OtherShorttermReceivables contextRef="c5" decimals="0" unitRef="u0">4509</fsa:OtherShorttermReceivables>
   <fsa:ShorttermReceivables contextRef="c4" decimals="0" unitRef="u0">29252</fsa:ShorttermReceivables>
   <fsa:ShorttermReceivables contextRef="c5" decimals="0" unitRef="u0">369241</fsa:ShorttermReceivables>
   <fsa:CashAndCashEquivalents contextRef="c5" decimals="0" unitRef="u0">37840</fsa:CashAndCashEquivalents>
   <fsa:CurrentAssets contextRef="c4" decimals="0" unitRef="u0">29252</fsa:CurrentAssets>
   <fsa:CurrentAssets contextRef="c5" decimals="0" unitRef="u0">407081</fsa:CurrentAssets>
   <fsa:Assets contextRef="c4" decimals="0" unitRef="u0">12904606</fsa:Assets>
   <fsa:Assets contextRef="c5" decimals="0" unitRef="u0">13482435</fsa:Assets>
   <fsa:ContributedCapital contextRef="c4" decimals="0" unitRef="u0">1000</fsa:ContributedCapital>
   <fsa:ContributedCapital contextRef="c5" decimals="0" unitRef="u0">1000</fsa:ContributedCapital>
   <fsa:OtherReserves contextRef="c5" decimals="0" unitRef="u0">39000</fsa:OtherReserves>
   <fsa:RetainedEarnings contextRef="c4" decimals="0" unitRef="u0">149667</fsa:RetainedEarnings>
   <fsa:RetainedEarnings contextRef="c5" decimals="0" unitRef="u0">29811</fsa:RetainedEarnings>
   <fsa:Equity contextRef="c4" decimals="0" unitRef="u0">150667</fsa:Equity>
   <fsa:Equity contextRef="c5" decimals="0" unitRef="u0">69811</fsa:Equity>
   <fsa:LongtermMortgageDebt contextRef="c4" decimals="0" unitRef="u0">3477493</fsa:LongtermMortgageDebt>
   <fsa:LongtermMortgageDebt contextRef="c5" decimals="0" unitRef="u0">3745472</fsa:LongtermMortgageDebt>
   <fsa:LongtermLiabilitiesOtherThanProvisions contextRef="c4" decimals="0" unitRef="u0">3477493</fsa:LongtermLiabilitiesOtherThanProvisions>
   <fsa:LongtermLiabilitiesOtherThanProvisions contextRef="c5" decimals="0" unitRef="u0">3745472</fsa:LongtermLiabilitiesOtherThanProvisions>
   <fsa:ShorttermTradePayables contextRef="c4" decimals="0" unitRef="u0">730501</fsa:ShorttermTradePayables>
   <fsa:ShorttermTradePayables contextRef="c5" decimals="0" unitRef="u0">1854486</fsa:ShorttermTradePayables>
   <fsa:ShorttermPayablesToGroupEnterprises contextRef="c5" decimals="0" unitRef="u0">7812666</fsa:ShorttermPayablesToGroupEnterprises>
   <fsa:ShorttermPayablesToAssociates contextRef="c4" decimals="0" unitRef="u0">8496445</fsa:ShorttermPayablesToAssociates>
   <fsa:CurrentContractLiabilities contextRef="c4" decimals="0" unitRef="u0">49500</fsa:CurrentContractLiabilities>
   <fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c4" decimals="0" unitRef="u0">9276446</fsa:ShorttermLiabilitiesOtherThanProvisions>
   <fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c5" decimals="0" unitRef="u0">9667152</fsa:ShorttermLiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesOtherThanProvisions contextRef="c4" decimals="0" unitRef="u0">12753939</fsa:LiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesOtherThanProvisions contextRef="c5" decimals="0" unitRef="u0">13412624</fsa:LiabilitiesOtherThanProvisions>
   <fsa:LiabilitiesAndEquity contextRef="c4" decimals="0" unitRef="u0">12904606</fsa:LiabilitiesAndEquity>
   <fsa:LiabilitiesAndEquity contextRef="c5" decimals="0" unitRef="u0">13482435</fsa:LiabilitiesAndEquity>
   <fsa:DisclosureOfApplicationOfExceptionsForMicroUndertakings contextRef="c0" xml:lang="da">
    
        &lt;div xmlns="http://www.w3.org/1999/xhtml" style="margin-bottom: 10px;"&gt;
            Mikrovirksomheden anvender undtagelsen om at give oplysning om anvendt regnskabspraksis
        &lt;/div&gt;
    
    

    
    
        &lt;div xmlns="http://www.w3.org/1999/xhtml" style="margin-bottom: 10px;"&gt;
            Mikrovirksomheden anvender undtagelsen om at give oplysning om det gennemsnitlige antal heltidsbeskæftigede i regnskabsåret
        &lt;/div&gt;
    
</fsa:DisclosureOfApplicationOfExceptionsForMicroUndertakings>
   <sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc contextRef="c0" xml:lang="da">true</sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc>
   <fsa:ClassOfReportingEntity contextRef="c0" xml:lang="da">Regnskabsklasse B, mikrovirksomhed</fsa:ClassOfReportingEntity>
   <fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB contextRef="c0" xml:lang="da">false</fsa:TheCompanyHasPresentedTheAnnualReportEtcWithReferenceToTheDanishFinancialStatementsAct78aConcerningTheExceptionForReportingClassCMediumsizeSubsidiariesWhichChoosesToPresentTheAnnualReportEtcAccordingToReportingClassB>
   <fsa:SelectedElementsFromReportingClassC contextRef="c0" xml:lang="da">false</fsa:SelectedElementsFromReportingClassC>
   <fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="c0" xml:lang="da">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
   <gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="c0" xml:lang="da">Erhvervsstyrelsen Regnskab Basis</gsd:ToolForPreparingTheXBRLInstanceDocument>
   <gsd:PrecedingReportingPeriodStartDate contextRef="c0">2019-01-01</gsd:PrecedingReportingPeriodStartDate>
   <gsd:PredingReportingPeriodEndDate contextRef="c0">2019-12-31</gsd:PredingReportingPeriodEndDate>
   <cmn:TypeOfAuditorAssistance contextRef="c0" xml:lang="da">Ingen bistand</cmn:TypeOfAuditorAssistance>
   <gsd:NameOfSubmittingEnterprise contextRef="c0" xml:lang="da">Lipsen Ejendomme IVS</gsd:NameOfSubmittingEnterprise>
   <gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c0" xml:lang="da">Hovedvejen 122</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
   <gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c0" xml:lang="da">2600 Glostrup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutAccountingPolicies contextRef="c0" xml:lang="da">true</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutAccountingPolicies>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutLiabilitiesDueForPaymentMoreThanFiveYearsAfterTheBalanceSheetDate contextRef="c0" xml:lang="da">false</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutLiabilitiesDueForPaymentMoreThanFiveYearsAfterTheBalanceSheetDate>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutCertainSpecialItems contextRef="c0" xml:lang="da">false</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutCertainSpecialItems>
   <fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutNumberOfEmployees contextRef="c0" xml:lang="da">true</fsa:TheMicroUndertakingAppliesTheExceptionConcerningFilingInformationAboutNumberOfEmployees>
</xbrli:xbrl>