The receiver was appointed at the demand of Discount Bank, which claims the project owes it $35 million.
Adv. Ronny Bar-Nir, who was last week appointed temporary receiver for the Dan Centre in Bnei Brak, is about to issue a tender for the sale of the project for $35 million. The Tel-Aviv District Court gave Bar-Nir permission to issue the tender, despite his standing as temporary receiver. Givat Marom, one of the owners of the property, is seeking a purchaser or partner for the property.
The company's representatives have recently been conducting talks with the Azaria family of Los Angeles, which owns commercial centres, inviting it to join the project. The family's response is not known. The property includes 1,000 parking spaces, and also a skeleton for a 15,000 sq.m. commercial center.
The Dan Centre is owned by the Shaulian brothers, the Cohen brothers, Canadel and Givat Marom. The receiver was appointed at the demand of Discount Bank, which claims the project owes it $35 million. The sale of the property at the above price will enable it to repay its debt to Discount Bank.
Published by Israel's Business Arena on 27 February, 2000