7 votes

The last remaining privately owned land on the Svalbard Archipelago in Norway, "with significant environmental, scientific and economic importance" is on sale, for €300 million

Posted by mycketforvirrad
Tags: norway.svalbard, real estate, land.private, consultants.realty, knight frank, geopolitics, environment, svalbard treaty, archipelagos, islands, arctic, russia, author.doloresz katanich, source.euronews
https://www.euronews.com/business/2024/05/10/town-sized-private-land-in-the-arctic-is-up-for-sale-for-300-million

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Title
Town-sized private land in the Arctic is up for sale for €300 million
Published
May 10 2024
Word count
728 words

1 comment

  1. JCPhoenix
    Link
    Feel like Norway should just buy this up. One for geopolitical reasons and two, for potential conservation. Doesn't Norway have that insane sovereign wealth fund of like US$1.6 trillion? Though I...

    Feel like Norway should just buy this up. One for geopolitical reasons and two, for potential conservation. Doesn't Norway have that insane sovereign wealth fund of like US$1.6 trillion? Though I imagine other countries (or high wealth individuals) may be interested, which may drive a bidding war.

    4 votes