The local committee approved the construction of 2 new buildings with 73 apartments on Weizman Street and the corner of a notepad

• New buildings will be erected near State Square

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Produced by the Special Additives Department

The Merman plant and Rosio will build a demolition and construction project in central Tel Aviv, which includes the construction of 73 apartments in two buildings on Weizman Street and the corner of the notepad, near the state square. A building permit is expected soon and construction is scheduled to begin in the coming year.

This is a 38/2 project (demolition and rebuilding) on ​​93 Weizman Street, 95 and 97. The project has been approved by the local committee.

The Marman plant will acquire from the Yuval and Yaniv Rosio brothers group Rosio 50% of the project company's shares, which holds the rights to execute it. In accordance with a contracting agreement between the parties, Hamerman plant will carry out the construction work for about NIS 70 million, with the financing being done through bank escort.

Completion of the project is subject to a number of conditions acceptable to such transactions: the approval of the Competition Commissioner, the approval of the Bank accompanying the financing and third party approvals.

According to Ran Ben Abraham, Deputy CEO and owner of the Merman plant, the company is expanding its activities in the area of ​​urban renewal. We strongly believe in an area that is gaining momentum. "

Rosio was represented in the Goldfarb Seligman & Co. deal led by Attorney Avi Arad and Attorney Ido Gonen. The plant was represented by Agmon & Co. and Rosenberg Cohen & Co., led by Attorney Udi Arad and Attorney Shai Itzikowitz. Architect: Gidi Bar Orian.

Produced by the Special Additives Department