Sales are projected to total $100 million. 50 of the building’s 120 apartments have already been sold.
Ocif Investments and Development Ltd. (TASE: OCIF) has begun building its 30-storey luxury Aviv Bazameret high-rise in Park Zameret, Tel Aviv. The project is adjacent to Habas HZ Investments Ltd.’s (TASE: HABS) Yoo Project.
Ocif said that, even before construction began, it has already sold 50 of the building’s 120 apartments. Prices range from $4,500 to $10,000 per sq.m. Total proceeds are expected to total $100 million. The building will include a gym, outdoor swimming pool, spa, treatment rooms, a bicycle room and lounge.
Published by Globes [online], Israel business news - www.globes.co.il - on November 26, 2006
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