Check Point Software Technologies (NASDAQ: ChkP), with Israel (Tase: ISCN), is expected to win by Tel Aviv municipality and Israel Electrical Company, and buying lands at the Karmenitsky site in the vicinity of Tel Aviv in Tel Aviv Lance 800 million. The Earth was divided to create two residential buildings containing about 300 apartments and 60,000 square meters of office and commercial area. From what you learned, “Globes”, Check Point 500 million New will pay for office space, and Israel will pay 300 million New for residential building land.
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The tender was published in December 2024. It is bordered by Kremenetski Street, which is 13,000 square meters in the southern street, Hahskala Street in the east, and Walter Moses Street in the West, and it is not far from the main street of Yigal Alon Street. The municipality is the owner of the site, and the Israel Electrical Company is a long -term tenant. “The division of consideration between the municipality and the Israel Electrical Corporation will be determined by agreement between them, and it will be notified of the winner, and it will be appointed to the sale contract,” says the tender document.
Under the proposed plan for the site, the average size of the apartments that were built 85 square meters, with 20 % of them will be small apartments.
The Check Point offices located on Hasolelim Street are located in Bitsaron. The company is trading on the Nasdaq Stock Exchange with a maximum of $ 25 billion. Israel is trading in the Tel Aviv Exchange, with a market cost of 4.2 billion NIS.
It was published by Globes, Israel Business News – En.globes.co.il – on March 19, 2025.
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