source26
December 16th, 2005, 03:36 AM
Clal Insurance buys Ackerstein Tower for $31m
The 11-storey building in Herzliya Pituah is under construction. It is the third building in a joint project by Industrial Building and Ackerstein Industries.
http://www.emporis.com/en/wm/cx/?id=107942
Guy Yamin 15 Dec 05 16:22
Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) is pursuing its campaign to acquire income-producing properties in Israel. It is buying the Ackerstein Tower on Hagalim Blvd. in Herzliya Pituah for $31 million, or $1,900 per sq.m.
The Ackerstein Tower, also known as Building C, is under construction; it is the third building in a joint project by Industrial Building Corporation Ltd. (TASE:IBLD) and Ackerstein Industries Ltd.. When completed, the 11-storey building will have nine floors of office space, and a separate lobby above a 1,000-sq.m. commercial floor and 400 underground parking places. Clal Insurance will receive the building with high-quality finishing, on the basis of Industrial Building and Ackerstein Industries agreed-upon blueprint. Industrial Buildings is building the project.
The $31 million price tag is based on a price of $1,800 per sq.m. of office space, $1,000 per sq.m. of commercial space, and $13,300 per parking place.
http://img515.imageshack.us/img515/3427/1573254wz.jpg (http://imageshack.us)
Six years ago, Industrial Building bought a lot zoned for four office buildings from Ackerstein Industries in a 42% deal.
Published by Globes [online], Israel business news - www.globes.co.il - on December 15, 2005
The 11-storey building in Herzliya Pituah is under construction. It is the third building in a joint project by Industrial Building and Ackerstein Industries.
http://www.emporis.com/en/wm/cx/?id=107942
Guy Yamin 15 Dec 05 16:22
Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) is pursuing its campaign to acquire income-producing properties in Israel. It is buying the Ackerstein Tower on Hagalim Blvd. in Herzliya Pituah for $31 million, or $1,900 per sq.m.
The Ackerstein Tower, also known as Building C, is under construction; it is the third building in a joint project by Industrial Building Corporation Ltd. (TASE:IBLD) and Ackerstein Industries Ltd.. When completed, the 11-storey building will have nine floors of office space, and a separate lobby above a 1,000-sq.m. commercial floor and 400 underground parking places. Clal Insurance will receive the building with high-quality finishing, on the basis of Industrial Building and Ackerstein Industries agreed-upon blueprint. Industrial Buildings is building the project.
The $31 million price tag is based on a price of $1,800 per sq.m. of office space, $1,000 per sq.m. of commercial space, and $13,300 per parking place.
http://img515.imageshack.us/img515/3427/1573254wz.jpg (http://imageshack.us)
Six years ago, Industrial Building bought a lot zoned for four office buildings from Ackerstein Industries in a 42% deal.
Published by Globes [online], Israel business news - www.globes.co.il - on December 15, 2005