BBA//Fjeldco advises on sale of Arnarland ehf. to ÞG Verk
BBA//Fjeldco advised the shareholders of Arnarland ehf. in connection with the sale of the company to the real estate developer ÞG Verk. Arnarland ehf. was a joint venture owned by Arion banki hf. (through its subsidiary Landey ehf.) and a real estate development company affiliated with Ósar, the parent company of Icepharma hf. and Parlogis ehf. The company owns the land Arnarland and the right to develop a 10-hectare residential wellness community on Arnarland, one of the last large undeveloped land in the capital area, located between the municipalities of Garðabær and Kópavogur.
BBA//Fjeldco has served as legal advisor to Arnarland ehf. since the project's inception, including negotiating the partnership agreement with Garðabær municipality in 2021 and providing ongoing advisory services throughout the development phase. BBA//Fjeldco managed the transaction process, including structuring, drafting and negotiating transaction documents, and handling the closing and settlement of the transaction. The firm also served as escrow agent for both the buyer and the sellers.
The BBA//Fjeldco team comprised of Kári Ólafsson and Tómas Jökull Thoroddsen.
BBA//Fjeldco advised the shareholders of Arnarland ehf. in connection with the sale of the company to the real estate developer ÞG Verk. Arnarland ehf. was a joint venture owned by Arion banki hf. (through its subsidiary Landey ehf.) and a real estate development company affiliated with Ósar, the parent company of Icepharma hf. and Parlogis ehf. The company owns the land Arnarland and the right to develop a 10-hectare residential wellness community on Arnarland, one of the last large undeveloped land in the capital area, located between the municipalities of Garðabær and Kópavogur.
BBA//Fjeldco has served as legal advisor to Arnarland ehf. since the project's inception, including negotiating the partnership agreement with Garðabær municipality in 2021 and providing ongoing advisory services throughout the development phase. BBA//Fjeldco managed the transaction process, including structuring, drafting and negotiating transaction documents, and handling the closing and settlement of the transaction. The firm also served as escrow agent for both the buyer and the sellers.
The BBA//Fjeldco team comprised of Kári Ólafsson and Tómas Jökull Thoroddsen.
BBA//Fjeldco advised the shareholders of Arnarland ehf. in connection with the sale of the company to the real estate developer ÞG Verk. Arnarland ehf. was a joint venture owned by Arion banki hf. (through its subsidiary Landey ehf.) and a real estate development company affiliated with Ósar, the parent company of Icepharma hf. and Parlogis ehf. The company owns the land Arnarland and the right to develop a 10-hectare residential wellness community on Arnarland, one of the last large undeveloped land in the capital area, located between the municipalities of Garðabær and Kópavogur.
BBA//Fjeldco has served as legal advisor to Arnarland ehf. since the project's inception, including negotiating the partnership agreement with Garðabær municipality in 2021 and providing ongoing advisory services throughout the development phase. BBA//Fjeldco managed the transaction process, including structuring, drafting and negotiating transaction documents, and handling the closing and settlement of the transaction. The firm also served as escrow agent for both the buyer and the sellers.
The BBA//Fjeldco team comprised of Kári Ólafsson and Tómas Jökull Thoroddsen.