Construction of company housing on the rise Skip to content

Construction of company housing on the rise

Large buildings for company housing are currently under construction in Iceland’s capital region, which span more than 250,000 square meters in total. For comparison, the shopping mall Kringlan in Reykjavík is 52,000 square meters in size.

“There is a lack of company housing and way too few parking spaces. I don’t think too much is being constructed, there is so much demand,” real estate agent Júlíus Jóhannsson at Stórborg told Fréttabladid.

A 40,000-square-meter shopping center, which will house the furniture and home furnishing stores Rúmfatalagerinn, Pier and Byko, is currently being built by Vesturlandsvegur highway on the outskirts of Reykjavík.

Near the building on the other side of the road the German hardware store Bauhaus has purchased a lot for a 20,000-square-meter building.

The highest building in Iceland, 77.6 meters once completed, is under construction by Smáratorg square in Kópavogur, outside Reykjavík. It will house another outlet for Pier and the megastore Toys “R” Us.

Other large buildings for offices and stores are under construction near Höfdi House in central Reykjavík, by Holtagardar near Sundahöfn harbor and by the mall Smáralind in Kópavogur.

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