NORGES BANK, VARDØ

 A rare opportunity to acquire one of Northern Norway’s most iconic properties: the former Norges Bank building in Vardø is now under consideration for sale.
This stately commercial building features premium materials and craftsmanship throughout, and includes two spacious apartments—once home to the former bank director.

Parts of the building are heritage protected by the Directorate for Cultural Heritage, preserving its historical value while allowing for exciting new uses.
Perfect for creative industries, co-working spaces, meeting facilities, or artist-in-residence programs. Sections of the property are ideal for public-facing functions such as galleries, workshops, community events, or a coffee bar and cultural hub. A unique opportunity to shape the future in the far north.
For more information and to schedule a private viewing, please contact:
Mr. Ottar Zahl Jonassen m. +47 938 24 248 – ottar (a) marelius.no.

Norges Bank, Vardø Arctic Norway

INVEST IN THE FUTURE OF TOURISM

MARELIUS ARCTIC VILLAGE offers a unique opportunity to invest in the future of tourism, culture, and community development in the northernmost reaches of Europe—Smelror, Vardø Municipality (Map). This ambitious project is deeply rooted in local history and traditions while paving the way for modern, sustainable experiences and activities.

The name MARELIUS draws inspiration from the cherished grandparents of founder Ottar Zahl Jonassen—Marit, an artisan weaver, and Erling Marelius, a fisherman and farmer. They were known for their hospitality, always creating a warm and welcoming atmosphere for us in the family and our friends. “Mare” symbolizes also the sea, and “us” together.

Firmly aligned with Vardø Municipality’s Tourism Strategy 2019-2026 (Pdf), the project aims to revitalize the historic fishing village of Smelror into a vibrant, year-round destination for tourism, creativity, and culture. It will offer unparalleled experiences, inviting guests to rediscover nature’s serenity, the magic of the stars, and their inner peace through the “Reconnected – Rediscovery – Retreat.”

VISIONS AND GOALS FOR VARDØ AREA

Establish a thriving community that blends tradition with innovation.

Boost employment, attractiveness, and quality of life in the region.

 

Combine local culture and nature with modern tourism needs.

Highlight Varanger’s spectacular nature and cultural heritage.

LOCATION / MAP

TOP OF EUROPE

We offer 90,000 square meters of prime land for resort development in Smelror, a historic fishing village at the top of Europe in Northern part of Norway. Surrounded by bird cliffs, shallow beaches, raw nature and endless adventure opportunities, it’s an ideal site for a world-class, year-round tourism destination.

Guests will experience unforgettable summer and winter adventures, from Hamningberg and East Cape to Nesseby and Tana, with activities like dogsledding, king crab fishing, birdwatching, and whale safaris. Join us in transforming Smelror into a premier Arctic escape.

REASON TO GO

  • A coolcation destination
  • Arctic nights – Aurora borealis
  • Arctic lights – The Midnight sun
  • Bird watching
  • King crab safaris
  • Whalesafari
  • Sami culture and experience
  • Winter Wonderland with dogsledding
  • Virginity – untouched wild nature
  • Icebath in the Arctic Ocean with sauna
  • Geotourism
  • Old culture and history
  • Steilneset Witch Memorial
  • Hornøya bird cliff
  • Cultural heritage area
  • Snowshoeing and crosscountry skiing
  • Varanger Peninsula National park
  • Wildlife
  • Varanger National scenic route
  • Varangerfjord and the Barents Sea
  • East Cape
  • Snowmobile
  • Sea & fjord activities
  • Explore space, place and silence

WHY INVEST HERE

The Varanger region is a high-potential investment in the rapidly growing Arctic tourism market:

1. Strong Growth: Northern Norway’s tourism generated 1.6 billion NOK in 2022-2023, a 10% increase from pre-pandemic levels.

2. High Tourist Spending: Visitors spend up to 2,560 NOK daily on experiences like Northern Lights tours and king crab safaris 

3. Unique Attractions: Varanger´s natural beauty and Sami culture make it a top destination for nature-based tourism.

With growing demand and year-round potential, Varanger region offers excellent long-term returns for tourism investors.

 

NORWAY TOMORROW

Tales of Norway’s natural beauty will not sell on their own. But if we make a choice to treat tourism as strategically and ambitiously as other industries, then high-quality tourism can become one answer to the question of Norway’s source of income after oil.

VALUE CREATION (GDP) TOURISM IN NORWAY 2030

Billion NOK contribution from specific initiatives in the report "Norway tomorrow"

Billion NOK underlying market growth

Billion NOK Total increase 2020-2030

Employment (Fulltime equivalents). Contribution from specific initiatives in the report "Norway tomorrow"

THE IMPORTANCE OF TOURISM

According to the final figures issued by Statistics Norway, total tourist consumption in 2019 was estimated at NOK 194.3 billion. NOK 126.3 billion of this total goes towards the purchase of goods and services that come under what is defined as tourism products. such as transport, accommodation, food and beverage services, presentations, and cultural and entertainment activities. The importance of tourism to Norway is increasing in line with the rest of the Norwegian economy This means that the tourism industry’s contribution to the country’s GDP amounted to 4.2 percent that year

 

I have started investing in the very North of Europe, more exactly in Tromsø, Norway (Map). Next to a cute holiday house I have acquired land and invest in a modest residential development close to Tromsø’s city center. More to come — the North is the place you want to be in 25 years from now.

Dr. Tobias Reichmuth

Founding Partner at Maximon, Maximon

CONTACT US HERE

OTTAR ZAHL JONASSEN

OTTAR ZAHL JONASSEN

CEO & Founder


Entrepreneur Ottar Zahl Jonassen aims to transform Smelror, a historic fishing village at Norway’s northern edge, into a world-class destination. With resorts, holiday homes, and a marina surrounded by pristine wilderness, it offers unparalleled experiences under the Northern Lights and midnight sun. Bold investors are invited to shape the future of Arctic tourism and unlock the potential of one of northern Norway’s hidden gems.

Greater Arctic Holding AS   II   Visit Varanger Arctic Norway AS   II   Marelius AS

+47 938 24 248

VISIT VARANGER ARCTIC NORWAY AS

#VARANGERMOMENT

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