Hamashbir opens new Zion Square Jerusalem department store

The seven-storey building with 5,000 square meters of space was built in collaboration with British-Israel Investments.

New Hamashbir Lazarchan Ltd. (TASE:MSZB) today opened its new department store at Zion Square in Jerusalem. The seven-storey building has 5,000 square meters of space.

Hamashbir built the new store over four years, in collaboration with British-Israel Investments Ltd. (TASE: BRTS), which owns the building. The store cost NIS 125 million to build, of which Hamashbir's share was NIS 30 million.

The store incorporates two late 19th century historic buildings, which were slated for preservation.

Hamashbir will convert its old store, located at the other end of Ben Yehuda Street, on King George Street, to a surplus retail outlet and stores of subsidiaries Office Depot Israel and New Pharm Drugstores Ltd.

Published by Globes [online], Israel business news - www.globes-online.com - on November 1, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס MAD Conference 2017