Comverse Technology Inc.’s (Nasdaq: CMVT) tender for the construction of the $100 million Kiryat Comverse in Ra’anana is nearing the finish line. Sources inform ''Globes'' that Minrav Holdings Ltd. (TASE: MNRV) is in advanced negotiations with Comverse on the tender.
Other companies that bid in the tender included A. Arenson Ltd., Danya Cebus (TASE: DNYA), Mordechai Aviv Building Industries Ltd. (TASE: AVIV), Uri Dori Engineering Works Corp. (TASE: DORI) SGS Construction Company Ltd., and Tidhar Construction Ltd.
In October 2005, Comverse published a request for offers for construction of the $100 million Kiryat Comverse - 90,000 sq.m. of offices, laboratories, and other structures on a 40-dnuam (ten-acre) lot it bought from private parties for $20 million in 1998. The contractor selected will carry out finishing work on the buildings, including delivering and installing furniture, as well as the finishing work on the complex, deliver and install furniture and also maintain some systems for two years, and ten years for others.
Comverse plans to occupy its new premises in January 2007.
Published by Globes [online], Israel business news - www.globes.co.il - on March 26, 2006
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