The contract is worth NIS 78 million.
Danya Cebus Ltd. (TASE: DNYA), the contracting arm of Africa-Israel Investments Ltd. (TASE:AFIL), will build the Jerusalem C residential project in the southern neighborhood of Gilo for Pinhas Cohen Ltd. and Rose Ltd. The contract is worth NIS 78 million.
The Jerusalem C Project involves 121 five-room apartments in three buildings of 10-11 stories each, a fourth building with 12 stories, and a two-level parking garage. The buildings' facades will be of Hebron stone.
Danya Cebus CEO Ronen Ginzburg said that construction of the first three buildings and the parking garage would be simultaneous and completed with two years. Construction of the fourth building would begin in six months and take twenty months.
Published by Globes [online], Israel business news - www.globes-online.com - on October 24, 2010
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