The proposed site is a former industrial site, mostly on landfill, now in the process of becoming a hub for the creative arts. Situated on the coastline facing east and bordered by green areas this site has all the possibility of becoming a unique mix of movie industry, experimental residential units, co-living, business and leasure.
On site today are big scaled industrial buildings, some used for a movie production studios.
The plan is for Gufunes to become a versatile and different neighbourhood creating a dense urban structure enveloped in natural areas with great access to recreational activities.
Download specific documents for this site
The site is a harbor site and would be well suited for health related activities, such as a steam bath, sea swimming facilities and hot tubs linked to hospitality industry or other programming the teams feel suitable. This kind of programming has proved to be very successful in Iceland, both for locals as well as visitors, using the geothermal heat and closeness to nature as an attraction. The view from the pier is fantastic and programming on the site should make the most of it.
The areas are all on lots owned by the city or subsidiaries of the city. The plots can be released when a new area plan has been confirmed.
The total size of the plot is 4928m2 and the allowance is to build a service building 1628m2 other than residential.
Type of property transfer intended
50 years land lease agreement (in general, all land lease agreements are renewed after the duration of 50 years).
Deadline for the submission of the Expression of Interest
Monday 18 May 2020 - 2pm local time in Reykjavik (UTC+0)
All the documents of the EOI must be submitted in English
If you have a question or would like more details on the Reinventing Cities competition, please use the form below. You will receive a response via email.