Michal Margalit 20 Jan 08 12:50
The lot is zoned for a 50,000-square meter commercial and office building, which can be doubled in size.
Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) subsidiary Africa-Israel Properties Ltd. (TASE: AFPR) has bought the Yachin lot in Petah Tikva for NIS 86 million.
The 20-dunam (five-acre) lot is occupied by the disused Yachin factory and is zoned for a 50,000-square meter 24-storey commercial and office building. The site has building rights to double the space to 100,000 square meters.
Published by Globes [online] copyrights, Israel business news
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