Smaratorg's shopping centre is the first property of SMI Real Estate Group history. Developed in the years 1996 and 1997 the Shopping Centre 14.400 sq.m. with 4.600 sq.m. underground parking was opened in February 1998. The Centre is in a prime location in Kopavogur with majority of Iceland population in 20 minute drive.
The Shopping Centre is categorised as a strip mall, with 4 big boxes each with entrance from outside parking. In the center one can also find smaller stores, 4 restaurants, a clinic and a bank. Anchor tenants are Bonus (food retailer) , A4 (office supplies), and Rumfatalagerinn (bed,bath and home) .