Real estate company Sjaelsoe Gruppe, partially owned by Björgólfur Gudmundsson, Björgólfur Thór Björgólfsson and Birgir Thór Bieltvedt, are planning to construct skyscrapers in Copenhagen for ISK 25 billion (USD 408 million, EUR 287 million).
According to 24 stundir daily, the construction will begin early next year.
The skyscrapers, which will be known as Copenhagen Towers and house a hotel, offices and conference rooms, are set to rise in the Copenhagen suburb of Oerestad, a young neighborhood currently experiencing a great upswing.
“This is a huge project and will change the look of the entire city,” said Sveinn Björnsson, managing director of Samson Properties, one of the companies that hold a share in Sjaelsoe Gruppe.
Sjaelsoe Gruppe has already constructed apartments in an area of 18,000 square meters and plans to construct apartments on further 20,000 square meters.
One third of the real estate company is owned by SG Nord, half of which is in Icelandic ownership through the companies Samson Properties, Straumur-Burdarás and B2B.