Shikun VeBinui and Efi Properties are reporting this morning on the signing of an agreement to purchase Efi Properties shares in the franchisee and operator company of the Technology ICT Campus, which is currently being established near Ben Gurion University and the Gev Yam high-tech park in Be’er Sheva.
Under the agreement signed, Shikun VeBinui will pay Afi Properties a total of NIS 195 million for its holdings in the franchisee and operator of the project and for the repayment of the owner loan provided by Efi Properties to the franchisee.
The ICT campus project is one of the flagship projects within the framework of the IDF’s transition to the Negev. The franchisee is for 20 years and includes a wide range of services designed to enable a high level of service for all base users, providing maintenance services for buildings and infrastructure, catering services, operating service centers, advanced ICT services, etc. This project is the first project that is expected to include significant population migration Of permanent personnel and soldiers from the elite technological units of the Negev, including the technological units of the ICT and Cyber Defense Division, the technological unit of the Air Force and the Southern Command headquarters.The campus is in advanced stages of construction, and its construction is expected to be completed in 2024.
Tamir Cohen, CEO of Shikun VeBinui He said today that: “The acquisition of the franchisee in Kiryat HaTikshuv will help Shikun VeBinui increase its income from assets, and that Shikun VeBinui continues to promote activities aimed at increasing income from income from assets, and improving the ratio of these assets to income from projects.
Cohen Said further that, Housing and Construction Is the leading company in Israel in the field of operating complex and multi-system facilities, and that the knowledge and expertise accumulated in the company enable it to operate in a competitive market while maintaining the required level of profitability.
Cohen added and admitted Lafi Properties For the good and long-standing partnership. “
Avi Barzilai, CEO of Efi Properties He added: “The sale of our holdings in the Kiryat HaTechuv project is in line with the company’s updated business strategy, which is mainly on the one hand, reducing activity in the field of operational projects and on the other, deepening the company’s core business and rental housing. We wish our partners “Its importance to the State of Israel, in general and to the capital of the Negev, in particular, is immeasurable.”