Real Estate Group
Hanan Moore
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Won a Rami tender at the entrance to the Korazin business complex in Givatayim in the amount of NIS 225 million. The group intends to build a 50-story tower in a total area of about 34,000 square meters, which includes: .
This tender is one of Rami’s new “development tenders”, in which unplanned land is marketed and as part of the tender process, the developer is required to approve, plan and approve a master plan for the complex.
Last June, the company purchased land for investment in the founders’ complex in Ness Ziona in the amount of 10 dunams, intended for the construction of 100-150 housing units, for about NIS 10.5 million.
A few days ago, the financing of NIS 1.5 billion was completed through the Discount and Leumi banks for the group’s flagship project in Sde Dov in Tel Aviv, and it also expressed confidence in its business strategy, management and economic potential as part of raising capital and bonds: the company raised NIS 140 million. In shares together with the raising of bonds of new series thirteen and fourteen in the amount of NIS 265 million. In total, the company raised more than NIS 400 million last month.
Group Chairman Hanan Moore noted: “In view of the increase in the population of the State of Israel, the needs for development and construction are increasing greatly, the demand for apartments in the center of the country is increasing and the ability to meet demand is small. Most of the potential land in Gush Dan is privately owned.
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