A property formerly destined to be a large aluminum smelter that was never completed has been given a new lease of life by being transformed into a new Eco-Business Park for Iceland and the largest co-working space in the country.

Co-founded by the Iceland Ocean Cluster, supporter of the Icelandic Fisheries Exhibition (Icefish), the 280,000-square-metre park is situated in a highly advantageous location – just two minutes from Helguvik harbour, 10 minutes from the International Airport in Keflavik, 45 minutes from Reykjavik city centre and around 40 minutes from Icefish.

There is an option to double the existing 25,000-square-metre floor space by installing an additional level.

The park will benefit from a close relationship with The Resource Park in the Reykjanes where companies are striving to make full use of the rich local resources, including geothermal hot water, cold water, steam, renewable electricity and carbon dioxide.

With over 60 companies under its roof in Reykjavik, the Iceland Ocean Cluster House has become a global showcase of Iceland’s aim to use 100% of the fish to create value and waste nothing. The aim of the Eco-Business Park is to extend this ideology to a whole array of other industries.

It will grow the existing co-working space of the Iceland Ocean Cluster 10-fold, providing a platform for diverse industry players that have the ambition to move toward circular business models.

The long-term vision of the park is to build bridges between the water, energy and food sectors and create the opportunity for companies inhouse to re-imagine each other´s waste streams into new value.

The park will grow Iceland Ocean Cluster’s existing co-working space 10-fold!