Kadeco leads the future development of the area surrounding Keflavik Airport in close cooperation with Isavia, Reykjanesbær, Suðurnesjabær and the Icelandic state.
Keflavik Airport is a well connected international airport and with proper planning it will serve as a driver for an economically, environmentally and socially sustainable area. The location between Europe and North-America, the proximity with the Reykjavik capital area, as well as the dynamic municipalities in Reykjanes, are qualities that play an important role in the development of the area.
Kadeco follows a people centered development approach called Airport Urbanism in order to ensure that the area grows together with the surrounding community in a mutually beneficial manner.
The available property is state-owned lots leased for a period of 50 years. The annual rent is higher of the following: either 2% of the lot’s assessed value or ISK 107.44 per square meter according to the construction costs index as of January 1, 2021 (749 points).