Real estate and construction
Team Services
In recent decades, construction and real estate projects in Iceland have become ever more international in nature. As a result, a range of new legal issues have surfaced. Our team has considerable experience and knowledge of the various processes and risks in respect to construction and real estate.
Our construction lawyers provide advice in respect to all stages of construction processes. We have for a number of years advised the main construction contractors in Iceland, for example in relation to the construction of Harpa concert hall, one of Reykjavik’s largest structures. Our team has in the past provided legal advice in respect to the construction of aluminium smelters, silicon metal factories, data centres, schools, urban development projects, construction of new hotels and expansion projects for the Keflavik international airport. We have assisted our clients in the preparation of environmental impact assessment reports and other communications with the relevant authorities, such as the Environment Agency of Iceland, the Icelandic Construction Authority and the Icelandic National Planning Agency.
Our team is confident in handling all kinds of real estate matters such as real estate transactions, property development, commercial leases, real estate financing and any related tax issues.
As an example, in this practice area we offer advice on:
- Any legal issues that arise in the tendering process and the construction phase
- Drafting, reviewing and negotiating construction, consultancy and consortium agreements
- Property transactions
- Project development
- Project financing and security
- Planning and building permit issues
- Environmental issues
- Real Estate Insurance
- Dispute resolution before, the Icelandic courts and arbitration panels
Client testimonials
The Legal 500 EMEA 2023
‘They are quick to react and work fast, they are responsible in working practices and have extensive knowledge of the environment of construction contractors.’
The Legal 500 EMEA 2023
‘The lawyers we have worked with are well educated and are specialised in the laws and court cases they work on.’
The Legal 500 EMEA 2023
‘We often need answers very fast and they are able to do that. I sometimes give the task with predefined time they may use on the issue and that is never any problem.’
The Legal 500 EMEA 2023
‘Benedikt Egill Árnason has become a trusted partner to our management team. He has excellent knowledge and connects us with the relevant lawyers for any project or issue we might need to be addressed. He has an excellent ability to analyse and meet any need with understanding and appropriate responses. A great partner to work with!’