Landmark TLV Project
In September 2015 the Company, together with Melisron Ltd, won a tender for the land purchase and development of a mixed-use project of offices and retail at the Sarona compound in Tel Aviv.
The construction is expected to be completed in 2021, and the project will be built on a land plot of approx. 13,000 m2 with an overall built area of approx. 114,000 m2, from which approx.106,000 m2 are designated for offices and about 8,000 m2 for retail.
The Company is actively seeking to increase the building rights in the complex to approx. 166,000 m2 in accordance with the applicable zoning.