Eik fasteignafélag was established in 2002. Its first properties consisted of the premises leased by Húsasmiðjan. Subsequently, the company grew rapidly, particularly in Reykjavík city centre; it is currently the largest property company in the area. Eik fasteignafélag, moreover, has purchased a number of properties within postcodes 105 and 108 in Reykjavík. These are busy shopping and office districts.