Fox said: “The move to move to new offices is a direct continuation of the group’s strategic plans and is in line with its growth and development rate.” The Big complex will have offices, commercial areas and hotels
Posted on: 23.3.22 13:12
Fox’s offices on the way to Petah Tikva: The Fox Group has announced that it is negotiating the purchase and rental of an office building in Petah Tikva. In the first office building in the Big Petah Tikva project. Harel Wiesel, owner and CEO of the FOX Group, said: “Fox will be one of the world’s leading retail groups and we continue to prepare for the company’s growth and expansion. The move to new offices is a direct continuation of the group’s strategic plans and is in line with the group’s growth and development rate in recent years. This is another significant step in strengthening the group and meeting the goals we have set for ourselves. “
This is the first office building to be built as part of the Big Complex project in Petah Tikva. The group intends to populate, in a lease transaction in the area that will be jointly owned, all the company’s offices, the company’s headquarters and management, the company’s brands and companies held by it. In addition, as part of the transaction, the company will be given an option to purchase 50% of the remaining areas in the building (the entire building will contain approximately 60,000 square meters and the said option is in relation to an additional 15,000 square meters).
The Big complex will be located on the Jabotinsky Street axis, and construction is scheduled to begin at the end of this year. At this stage, the occupancy date of the first building in the project is planned for the end of 2026 – the beginning of 2027. According to the plan, the project will be spread over an area of about 63 dunams, and will include a mix of uses: about 250,000 square meters of employment, 65,000 square meters of commercial , 10,000 square meters of hotels and 150,000 square meters of parking lots). The design of the project will be led by the international architectural firm 35L, which has signed well-known international projects, including the McInesta shopping center in Barcelona and the Real Madrid Stadium, and will co-lead the project with Israeli architect Avner Yashar.
Chai Gallis, CEO of Big Shopping Centers, noted: “We are pleased that the great collaboration between the companies has led to an exceptional deal that strengthens and sharpens the successful collaboration between the parties for many years to come.”
Mayor Rami Greenberg said: “I congratulate the parties and wish great success on the important cooperation. In recent years we have invested a lot of resources to attract more large companies and thus increase the employment supply in the city and municipal resources directed to residents. The municipality will continue to promote this important area. The development of the city. “
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