Vitanya is selling part of a tower in Tel Aviv, this is the amount you will receive

According to the agreement, a subsidiary of Vitanya (AS Uri Investments and Properties) will sell 50% of the office tower – which covers an area of ​​about 20,000 square meters – including the adjacent parking areas and all existing and future building rights in the complex. Vitanya is expected to post a net profit of NIS 76 million.

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This deal joins the huge deal that Vitanya signed together with Delek Motors in June for the sale of the “Vitanya Tel Aviv” project – an office tower at the intersection of Hamsger and La Guardia streets – to Bank Hapoalim for about NIS 1 billion. The bank intends to transfer all senior management units to the tower by the end of 2025.