The price tag for the Kiryat Arie office building is $80 million.
Sources inform ''Globes'' that Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) is in negotiations to buy the 25,000-square meter Kodak Israel building in Kiryat Arie, Petah Tikva, for $80 million in a sell and lease-back deal.
The building was built for Kodak Israel Ltd. by SGS Construction Company Ltd., Electra Real Estate Ltd. (TASE:ELCRE), and Prashkovsky Investments and Construction Ltd. (TASE:PRSK). The building was opened ten months ago.
Published by Globes [online], Israel business news - www.globes-online.com - on March 23, 2008
© Copyright of Globes Publisher Itonut (1983) Ltd. 2008