SFK behind reports favoring construction in Ayalon Park

Shrem Fudim Kelner wants to build 10,000 housing units in the designated park.

Sources inform “Globes” that Shrem Fudim Kelner & Co. (TASE:SFK) is behind announcements in the press on behalf of the south Tel Aviv neighborhoods committees favoring plans to build a residential neighborhood in the planned Ayalon Park. SFK is trying to promote plans for the construction of 10,000 housing units on the Hazera Quality Seeds lot, located in the planned park. Hazera Quality Seeds is owned by SFK.

The committee on principle planning matters is due to discuss the Ayalon Park plan. If approved, the bulk of the site, including the disused Hiriya garbage dump, will be declared a public park. No residential neighborhood appears in the preliminary plan set forth by the Ministry of the Interior central district.

If the committee on principle planning matters approves the Ayalon Park plan, SFK can appeal the decision in the courts.

Published by Globes [online] - www.globes.co.il - on November 21, 2004

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