- Business
- Reitir fasteignafélag hf. (REITIR.IC) owns, operates, develops and leases commercial real estate properties primarily in the Reykjavik area of Iceland; its portfolio comprises approximately 460,000 square meters across about 150 properties, including retail spaces such as Kringlan shopping center, office buildings, hotels, industrial facilities and other commercial assets leased to leading companies and public institutions; the company also develops residential apartments and pursues sustainable projects like the 90,000 square meter Korputún business area targeting BREEAM Communities certification for office, retail and service operations. Founded in 2008 and headquartered at Kringlan 4-12, 103 Reykjavik, Iceland, Reitir focuses on long-term tenant relationships and sustainable infrastructure in the real estate sector. Recent developments include signing a construction contract in September 2025 with Þarfaþing hf. for Kringlureit following a letter of intent in August 2025, ongoing share repurchase programs concluding in November 2025, and active development of 140,000 square meters of new commercial space alongside 700 residential units.