City of Reykjavík Data center locations March 2018 Department of Economic Development City of Reykjavik
80 summer destinations 40 winter destinations Daily flights to New York, London & Copenhagen
200.000 inhabitants 12,7 minutes average commute 41% of inhabitants University educated
Knowledge city
Knowledge city 20,000 University students in Reykjavik The University of Iceland 14,000 students Internationally renowned research university with a world class team in medical sciences and geothermal research Reykjavík University 3,000 students. Focus on innovation, technological development, and active cooperation with industry The city has several world class research institutions in geology, ocean and genetics research.
Knowledge city Other service 9% 9.600 Health and social services Education 13% 11% 12.100 13.700 Public services 5% 5.600 Real estate 13% 13.700 Financial services 5% 5.900 Transport 8% 8.500 Hospitality 5% 5.600 Commerce Production 15% 15% 16.400 16.700 Agriculture and fisheries 2% 1.700 0 2.000 4.000 6.000 8.000 10.00012.00014.00016.00018.000 Distribution of labor force in Reykjavik, no of pax and % Source: Statice
Knowledge city Distribution of total salaries in manufacturing Source: Statice
Festival city Tourism has recently grown rapidly in Reykjavik This has led to the opening of exciting new restaurants and quality hotels Iceland s first 5 star hotel is expected to open next to the Harpa Conference and Concert Hall in 2016 The city calender is full of festivals and concerts giving inhabitants many options for after hours activities Festivities include: Food and Fun, DesignMarch, Winterfestival, Summer Solstice, Culture night, Iceland Airwaves and many many more
Next door to nature Reykjavik is one of the greenest cities in the world Two salmon rivers run through the city Surrounded by mountains, ocean, wilderness and amazing geological phenomena. Geothermal resources provide green energy for industries, as well as hot water for heating houses and other domestic use. Geothermal water is also used for the country s signature number of spas and thermal pools
Land rent terms Road construction fee Local tax imposed on all construction to finance local roads. 20.059 ISK/sq.m. (Jan 2018) To be paid 45 days after receiving lot. The fee is used to build and maintain roads around the building. Possibilities of rebates in incentives contracts Costs of connection fees for heating, water, electricity and data can be given when building size and electricity need is provided to the relevant utility provider. Real estate tax Real estate tax is 1,65% of the real estate valuation of the building on the plot.
Incentives Land rent Industrial plots are leased for 50 years A long term land lease is very comparable to ownership because of its long duration. The standard lease rate is 1% of the plot valuation per year. If the area plan and master plan have not changed the lease automatically is renewed for 50 years in the end of the first 50 years. If a contract is not renewed the city of Reykjavik will purchase them for a fee estimated by individual, third party valuators. Incentives Possibility of a rebate on real estate tax
Data center locations BÚSTAÐAVEGUR Reykjavik can offer two excellent locations for large scale data centers (over 200.000 sq.ft.): Esjumelar and Hólmsheiði All locations are less than 20 minutes from the city center and offer great access to energy and fiber connections.
Connections BÚSTAÐAVEGUR All location are close to the energy grid with a sub station near by. Landsnet operates the electricity transmission system and administering its system management between regions. Reykjavik energy manages the local energy network
BÚSTAÐAVEGUR HPC for the Danish Meteorological Office
LAMBHAGAVEGUR
ESJUMELAR Total area size: 120 ha. Possible to design plots according to need. Well connected to road (next to highway 1, electricity (sub station in ) and data connections Reykjavik energy sub station located next to the industrial park Current sub station capacity around 20 MW Possible to increase capacity City Center
ESJUMELAR
HÓLMSHEIÐI 7 9 Two MOU s signed with data centers Master plan: office, services and light industry Area plan being developed Well connected to road, electricity and data connections Next to a major substation (Geithals) Only 15 minutes to downtown Reykjavik City Center
HÓLMSHEIÐI
Reykjavik Science City The most exciting development area in Iceland in the Reykjavik Science City next to downtown Reykjavik. The area consists of two universities, a university hospital and several exciting development plots. 1 5 2 3 4 City Center 1. University of Iceland 2. University hospital 3. Hlíðarendi 4. University of Reykjavik 5. Skerjafjörður
University of Iceland Science Park ccp it Alvogen ( biotech)
University hospital new wing New hospital wing at the University hospital Project value around 400 million
Hlíðarendi new mixed use area 780 apartments Shops on selected ground floors Hotel Sports facilites
University of reykjavik 390 student apartments Connected to Reykjavik University
skerjafjörður new residential area Around 1.400 apartments in a new residential area with beutiful ocean views
For more information contact: Department Economic Development City of Reykjavik invest@reykjavik.is Tel: +354 411 1111