The Reykjanes region is built on three foundations: seafood, geothermal energy and logistics. Reykjanes is home to dynamic and diverse companies, research, education and entrepreneurship.
Reykjanes contains a diverse mixture of businesses connected to Keflavik International Airport and Helguvík harbor and industrial site. The location, midway between Europe, the U.S. and Asia, presents a multitude of opportunities in relation to passenger flight connections and freight transport, as well as having great potential as a base for international corporations, conferences and other events.
Some of Iceland’s largest seafood companies and a substantial part of the aquaculture sector are located in Reykjanes. Various entrepreneurial companies in the area are developing new products and innovative solutions for the fishing industry, often in cooperation with specialists at academic research center Keilir. Reykjanes functions as a logistical connection node in the export of fresh seafood via Keflavik International airport.
The Reykjanes biotech industry is linked to the seafood and geothermal industries. Research in these areas has led to the innovation and development of diverse new products, such as health related products and cosmetics created using valuable bi-product from the seafood processing industry. Green geothermal energy available in the area is used by companies such as Algalíf and Bio Effect, to grow high-quality microalgae and operate ecologically engineered greenhouses.
A number of data centers, owned by international companies such as Verne Global as well as domestic IT and telecommunications companies, are located in Reykjanes. The state owned company FARICE offers services between Iceland and Europe through the FARICE-1 and DANICE submarine cable systems, and to North-America through the Greenland Connect submarine cable system. Iceland’s cool climate, reliable green energy and secure data transmissions are the main factors attracting data centers to the area.
The Reykjanes peninsula is a unique geological location with its diversity of volcanic and geothermal activity. Since 2015 the area has been recognized as a Unesco Global Geopark that has numerous listed geosites and natural attractions. Reykjanes is also home to Iceland's most popular tourist destination, the Blue Lagoon, a market leader in health-related tourism which is a growing sector in the area.
The available property is state-owned lots leased for a period of 50 years. The annual rent is the higher of the following: either 2% of the lot’s assessed value for industrial lots, 1.5% of the lot's assessed value for residential lots, or ISK 131.5 per square meter according to the construction costs index as of December 2023.
