Shikun & Binui Holdings Ltd. (TASE: SKBN), controlled by the Arison Group, has won a tender to build, operate and manage a Jerusalem long-term rent project. The winning bid totaled NIS 66 million. This tender was published several months ago by Apartment for Rent - the Governmental Company for Housing and Rental Ltd., and the Israel Land Authority (ILA), postponed once, and closed for bids on Monday last week. Although Shikun & Binui has bid in long-term rent tenders in the past, this is the first tender it has won. The Aviv Group, Azorim Investment, Development and Construction Ltd. (TASE: AZRM), Hassid Brothers, Dona Engineering and Construction Ltd. and Rubinstein Group also participated in the tender. RELATED ARTICLES 400 apartments for rent approved for Jerusalem Tel Aviv long term rental project moves ahead Ashtrom wins tender for Tel Aviv rental units The tender was for two different plots (southern and northern) at the Allenby complex in Talpiot, Jerusalem; 279 apartments will be built at the complex, all of them for long-term rent. Like all government housing for rent tenders published so far, 25% of all apartments will be rented to people considered eligible by the Ministry of Construction and Housing at controlled prices, which are supposed to be 80% lower than the market price. Published by Globes [online], Israel business news - www.globes-online.com - on September 6, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
