There is so much one can do with $323 million, but owning a 15,000-acre plot at the gates to the Arctic is a fascinating way to spend that money. The parcel of land, located in Svalbard halfway between Norway and the North Pole, holds significant environmental, scientific, and economic importance. ‘This is the only possibility for a buyer to get a position in the High Arctic and establish a strategic foothold,’ said Per Kyllingstad, a lawyer representing the sellers exclusively to Bloomberg News.
The representative also stated that the plot is the last privately held property in the nine-island Norwegian archipelago, making it a once-in-a-lifetime chance. Well-known Knight Frank LLP is marketing the company holding 100% of the plot, situated nearly 40 miles from the town of Longyearbyen. ‘We have offered the property to noncontroversial buyers. No conclusion was reached,’ said Kyllingstad. ‘Now we are offering the same to all buyers, controversial or not. The sellers will sell to the highest bidder.’ Here is your chance to enjoy 3 miles of coastline, find unparalleled beauty in the mountains, fjords, and Arctic wildlife, and make great use of a cool $323 million.
It is indeed the ultimate investment for a deep-pocketed billionaire with a passion for conservation and climate change. “We are currently speaking with a collection of ultra-high-net-worth individuals from across the globe who each have a passion for conservation and philanthropy,” Will Matthews from Knight Frank told Euronews. ‘We are working hard to find the next custodians of this beautiful land, with the means to take action against the wider environmental factors at play, protecting the diverse flora and fauna that call these 14,800 acres of land home.’
