Pearl purchase offers published on internet

As previously reported, one of Reykjavík’s best-known landmarks, Perlan (The Pearl), is for sale as part of the restructuring of its indebted owner, Reykjavík Energy. Now all purchase offers received have been published online.

All the offers, and a comparison between them, have been published on the Reykjavík Energy website,, following a request to do so yesterday by board-member Kjartan Magnússon.

Six offers were received for the tourist magnet landmark — three of which were from a company called Jakabóli ehf. with a value of ISK 750 to 950 million (EUR 4.6-5.8 million). The property company Dugur is offering ISK 730 million. One bidder who wished to remain anonymous is offering ISK 500 million to 1.5 billion – and the highest offer is from lawyer Garðar K. Vilhjálmsson on behalf of a not-yet-founded company for ISK 1.7 billion (EUR 10.4 million). All offers are conditional.

Reykjavík Energy has already signed a declaration of intent with the highest bidder and given him until 31st March to resolve all conditions of sale which are still standing in the way.

Perlan is Reykjavík’s geothermal hot water storage tanks, but it also contains one of the country’s top restaurants, a museum, a café and other tourist attractions, including a man-made geyser.

The offers can be seen (in Icelandic) here.

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