Mivne leases 25,000 sq m in Tel Aviv towers to Fattal

Hasolelim project Tel Aviv credit: Courtesy the company
Hasolelim project Tel Aviv credit: Courtesy the company

Fattal's co-working space companies Rooms and Switchup will pay NIS 500 million over 11 years.

Mivne Real Estate (TASE: MVNE) reported today that it has signed an agreement with Fattal (TASE: FTAL) co-working space companies Rooms and Switchup to lease 25,000 square meters in the Hasolelim project office towers on Yigal Alon Street in the heart of Tel Aviv's business district near the Hashalom Interchange. The deal is worth NIS 500 million over 11 years.

The agreement included leasing an entire 13-floor building and several more floors in an adjacent building. The lease is for 129 months with options to extend to 170 months. The annual rent for the first 11 years is NIS 45 million, which breaks down to NIS 151 per square meter per month without interior decoration.

Hasolelim project next to the Hashalom railway station includes housing units, offices and commercial space. It will include a 37-floor building and two 13-floor buildings with a total of 70,000 square meters of office space as well as two 33-floor apartment high-rises with 360 apartments in each and 3,200 square meters of commercial space on the lower floors.

The project is currently under construction with 95% of the shells of the buildings completed. According to the company's timetable the offices will be ready for occupancy in January 2026. The project is supported by Moore Yaskin Sivan (MYS) Architects and interior design company Dana Oberson Architects. Mivne was represented in the deal by the legal department of Mivne Group and Fattal was represented by Adv. Yoav Kramer of the Abadi Oiknine & Co. law firm and Keinan & Co. together with Adv. Alex Lazarovich of the Gornitzky (GNY) law firm.

Published by Globes, Israel business news - en.globes.co.il - on September 22, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Hasolelim project Tel Aviv credit: Courtesy the company
Hasolelim project Tel Aviv credit: Courtesy the company
Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Dano Ben-Hur credit: Dror Sithakol Statisticians contradict BoI on impact of housing finance deals

The Central Bureau of Statistics insists the impact of 20/80 buy now pay later financing deals on the real estate market and housing prices is minimal.

Governor of the Bank of Israel Amir Yaron  credit: Government Press Office Debt fears top Bank of Israel's concerns

Most unusually, Governor of the Bank of Israel Amir Yaron's press conference last week did not focus on inflation and the impending interest rate decision.

US President Donald Trump  credit: Reuters/Leah Millis Israel moves to avoid Trump's tariffs axe

Minister of Finance Bezalel Smotrich has signed an order canceling all tariffs on imports from the US. The impact will mostly be on agricultural produce.

Forbes Rich List credit: Shutterstock Maslowski Marcin Wiz founders ranked in Forbes 2025 Rich List

There are a few dozen Israelis listed in the 2025 Forbes Real-Time Billionaires List including Wiz founders Assaf Rappaport, Yinon Costica, Roy Reznik and Ami Luttwak.

SatixFy CEO Nir Barkan credit: Ariel Barkan Canada's MDA Space to buy Israeli satcom co SatixFy

MDA Space will pay $269 million for the Israeli company, including taking on a $76 million debt and a 75% premium on SatixFy's closing price on Nasdaq yesterday.

Raising dollars credit: Shutterstock Israeli startups raised over $1b in March

Israeli privately-held tech companies have raised $2.1 billion in the first three months of 2025, according to IVC-LeumiTech, up 24% from the corresponding quarter of 2024.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018