News

16. June 2008

IPC presents Penninn ehf. with keys to new offices

On 13 June 2008, Ingthór Ásgeirsson, Director of the Retail Store Division of Penninn, and Gudrídur Sigurdardóttir, Director of Human Resources at Penninn, received the keys to the company’s state-of-the-art 1,500-m2 office facility on the second floor of the new office building in the Glaesibaer shopping centre. Penninn in tends to move its offices to the new building over the next few weeks. Representing IPC were Kristján Arinbjarnar, Director of the Construction Division; project manager Jón Örn Jakobsson; office manager Gudmundur Pálsson; and construction manager Össur Fridgeirsson. Iceland Prime Contractor owns and leases out the property.

Penninn ehf. owns and operates the Eymundsson and Penninn retail stores, as well as the retail store Saltfélagid. The company also operates Te og Kaffi cafés. In addition, Penninn owns a 50% share in Habitat Iceland; a majority stake in the furniture company Coppa in Latvia; a majority share in GH ljós in Gardabaer; the operational supply chain Officeday, which operates in Finland, Estonia, Latvia, and Lithuania; the coffee manufacturer Melna Kafija; and a majority holding in the café chain Insomnia, which operates in Ireland.

Construction of the new office building began in March 2006. The eight-storey building features a two-storey basement and is some 10,000 m2 in size. Hreyfing and Blue Lagoon, which commenced operations in the building at the beginning of 2008, occupy the three bottom floors (the two-storey basement and the first floor). Sjónlag will begin operations on the fifth floor in the autumn or early winter, and physicians’ offices will open on the third and fourth floors during the winter.

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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 www.skylagoon.com

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.

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