12. March 2004

IPC has commenced much activity in the construction business in the East of Iceland

On March 10th, IPC commenced construction of a private house in Reyðarfjörður, at Vallargarður 17. This is the first in this eastern part of Iceland by IPC.
Bragason ehf of Fjarðabyggð is handling the earthwork. It is scheduled that the house will be completed in June.

IPC has been allotted land for 151 apartments in so-called Bakkagarður in Reyðarfjörður. In conjunction with Fjarðabyggð (County) IPC has amended arrangements which had been submitted to enable more flexibility in the apartment surroundings. In Bakkagarður there shall be 55 private houses, 44 apartments as either town houses or duplexes and 52 apartments in apartment blocks. The apartment blocks shall not be high buildings but rather two to three storeys with 5 to 16 apartments.

IPC has also been allotted land for 123 apartments in Votahvamm in Egilsstaður. This is in the area between the existing buildings and the Eyvindar river. The complete area covers five housing areas and twelve (stakstæðum) areas. Each area shall have central playgrounds and gardens and garages. As the Eyvindar river runs on the northern side of Votahvamm, the southern bank shall be built up and strengthened and the river shall form an important part of the environment.. Walkways shall be constructed . One playground shall be connected to the allotments by walkways. It is expected that construction will commence mid this year.
In the area there will be ten private houses, 41 apartments as town houses or duplexes and 72 apartments in apartment blocks. The apartment blocks shall be three storeys high with 12 apartments each.

IPC intends to use the local tradesmen wherever expedient and possible.


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Construction in Keflavík is in full swing
24. June 2021

Construction in Keflavík is in full swing

The design phase in Keflavik which began in the middle of September 2020 has now been completed. The permission to commence is expected within the next few weeks. ÍAV received early permission to carry out the earthworks of the apron to ensure that the concrete paving could commence as early in the summer as possible. ÍAV has dug and removed 120.000 cubic metres of soil and rock and imported 100.000 cubic metres of crushed aggregates since March 9th, 2021.

Sky Lagoon handed over
12. May 2021

Sky Lagoon handed over

ÍAV has handed over the Sky Lagoon project to their client Nature Resort ehf. Sky Lagoon was open to the public on May 1, 2021. Sky Lagoon website is

Móavegur 2-12, Progress Report
30. November 2018

Móavegur 2-12, Progress Report

Since contract signing on Feb 16, 2018, a continuous progress is claimed by ÍAV and sub trades on Móavegur 2-12 project site in Reykjavík. The project is to deliver in a turn-key manner a 155-apartment affordable rental-housing complex entailing six 3-4 storey buildings with a shared underground carpark, with anticipated project completion in June of 2020. The Client Bjarg is a non-profit organization formed by two of Iceland’s largest confederations of labour, ASÍ and BSRB.

Project status on Burfell Power Plant expansion.
14. June 2018

Project status on Burfell Power Plant expansion.

Now about 85% of all construction has been completed on the Burfell power plant expansion. All water chanels have been concluded. The entrance chanel was completed late April and the sewerage chanel was completed in beginning of May.