This 9,000 sqm plot is the gateway to a large brownfield to be regenerated. It enjoys an ideal location near a green recreational park, a salmon-fishing river and the ocean. It benefits from the future station of the new high quality transportation system of Borgarlína – City line. The development of this site presents a high potential to showcase how a natural area can flow into an urban project.
The site enjoys an ideal situation near a green recreational park that has a salmon-fishing river running through it, creating a lovely mix of urbanity and nature. It is a perfect location to showcase how a natural area can flow into an urban project taking advantage of the closeness to the green area and the river and ocean.
Download specific documents for this site
InformationFind at the following link the webstream of the event organized in Reykjavik on 7th March :
The program should also take into account the current Redevelopment plan of transformation in the area, to create a liveable, friendly and diverse area.
The requirements for the specific site is that the program utilizes and activates the proposed city line stop, makingit a hub of communication and life in the area.
The site is owned by the city of Reykjavík
Approximately 9000 sq. m.
Type of transfer intended
Land lease agreements in Reykjavík are for 50 years.
Note that in general, all land lease agreements are renewed after the duration of 50 years. If they are not renewed, there has to be a great need for changes in land use, for example, from industrial to residential. In such cases the owner is reimbursed for the buildings on the land according to a valuation of an independent real estate company.