Amot and Ashtrom have filed a joint bid to build a NIS 700 million high-tech park.
Sources inform ''Globes'' that Amot Investments Ltd. (TASE:AMOT) and Ashtrom Properties Ltd. (TASE:ASPR) are jointly bidding against Azrieli Group subsidiary Canit Hashalom Investments Ltd. in a NIS 700 million tender for the construction of a high-tech and business park in Holon.
The Holon Economic Development Corporation closed the tender last Thursday. The proposed high-tech park on a 52-dunam (13-acre) site is aimed to compete against Kiryat Atidim in north Tel Aviv and Park Azorim in Petah Tikva. Holon's project is due to have 85,000 square meters of office space, 10,000 square meters of commercial space, 20,000 square meters of service space, and 90,000 square meters of underground parking.
The Urban Building Plan for the project includes buildings of up to 13 floors around an inner courtyard. It also calls for the widening of current access roads and the building of a new one to Jerusalem Boulevard.
Canit Hashalom owns malls throughout Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on April 16, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008