The company will open its first supermarket in the town. The General Health Fund is negotiating for the purchase of 800 sq.m. for $1.5 million, marketed by Gemolab Real Estate.
Co-Op Zafon has purchased from Dankner Investments a 1,500 sq.m. shop on the ground floor of the 5,000 sq.m. commercial center it is building in Kiryat Rabin in Holon. Co-op Zafon will pay $3.4 million, based on $2,250 per sq.m. The company will open its first supermarket in Holon on the premises, as part of the countrywide competition between it and the Blue-Square Co-op. The deal was closed through Gemolab Real Estate, headed by Micha Vaknin, which is marketing the project.
Dankner’s management told "Globes" that it is negotiating a deal for the sale of 800 sq.m. on the second floor of the center to the General Health Fund or to the Macabi Health Fund. The purchasing fund will pay $1.5 million, based on approximately $1,800 per sq.m.
At the same time, negotiations are under way for the sale of 300 sq.m. on the ground floor to private concerns to open a drugstore, at $3,000 per sq.m. The remaining ground floor area will be divided into shops of 40 sq.m. and more, and will be sold for $3,500 per sq.m.
Published by Israel's Business Arena May 16, 1999