The Aðalgata area is one of the focus areas of the K64 masterplan, with high development potential. It benefits from a highly strategic location along the main highway between Keflavik Airport and the Capital area and is located between the planned Diamond Gate for air cargo and the commercial centre Aðaltorg.
Aðaltorg is a growing commercial centre in Reykjanesbær, only a 3 minute drive from Keflavik Airport and can be accessed directly from Reykjanesbraut. Development around Aðaltorg is overseen by Aðaltorg ehf., a real estate development firm focused on strengthening the area's service infrastructure, for both travelers passing through Keflavik Airport and residents of the surrounding communities. The company’s mission is to develop services that meet the needs of both international visitors and local residents, with the aim of becoming a key service hub for the local community and the airport area alike. Among the businesses and service currently to be found at Aðaltorg are a Marriott Courtyard Hotel, Höfði healtcare centre, resturants, a grocery store, pharmacy, hairstylists, optician and a power charging station for electric cars with 20 charging docks.
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.
