The Icelandic National Broadcasting Service, RÚV, reports on Danish media coverage of Icelandic investments in the Danish real estate.
According to RÚV, Icelandic investments amounted to approximately one third of the turnover of all Danish real estate assets of ISK 1 billion or more last year.
According to RÚV, Kurt Albaek, the CEO of Sadolin and Albaek, claimed to the Danish media that Icelandic investments in Danish real estate amounted to ISK 50 billion last year in a market with total turnover of the ISK 150 billion. RÚV cites the Danish publication “Idag” which claims that Icelanders have continued to be active this year.
According to RÚV, Idag also maintains that Iceland’s first dollar billionaire, Björgólfur Thor Björgólfsson (Thor Bjorgolfsson), is one of the most active Icelandic investor in Danish real estate. Thor Björgólfsson is the owner of the real estate holding company Property Group which aims to become one of the largest Nordic real estate holding companies over the next few years. The company is planning to invest ISK 50 billion annually in real estate in Northern Europe in the next few years, said Idag according to RÚV.