Harel Insurance leases historic building to boutique hotel co

The building was built in 1925 for real estate developer Geula.

Sources inform ''Globes'' that Harel Insurance Investments and Financial Services Ltd. (TASE: HARL) has leased a building slated for preservation in Tel Aviv to boutique hotel company Nina Hotel Ltd., at NIS 90 per square meter per month. The 850-square meter building is at 23 Yavne Street, off Rothschild Boulevard, in Tel Aviv.

The building was previously occupied by Harel subsidiary Dikla Insurance Ltd., a provider of health insurance to individuals and groups.

The building was built in 1925 for real estate developer Geula.

Published by Globes [online], Israel business news - www.globes-online.com - on March 28, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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