15. December 2007

University Square – Congratulations!

On 1 December 2007, the new University Square complex was delivered to the University of Iceland. IPC, together with the architecture firms Hornsteinar and TIS, were awarded the project following a closed competition among contractors and designers, which took place in the summer of 2005. Contractual negotiations were then finalised, and in April 2006 Iceland Prime Contractor began work.

University Square is the collective name for two buildings and a connecting structure. The three buildings have been given the names Háskólatorg (University Square), Gimli, and Tröd and have a total floor area of nearly 10,000 square metres. The latter phase of the project will be completed in February 2008.

University Square will be the primary workplace of over 200 University employees and more than 1,500 students. Several hundred guests are expected to visit University Square each day.

University Square was build to meet the University’s great need for additional facilities for staff and students. Both buildings will contain reading rooms and work facilities for over 300 undergraduate and graduate students from various departments. The interior space is designed with strong emphasis on flexibility so that it can meet the University of Iceland’s changing needs for links and integration as University operations change.

Iceland Prime Contractor wishes to congratulate the students and staff of the University of Iceland on this important milestone.

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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.