AMSTERDAM (Thomson Financial) - Kardan NV said it is to merge its Israeli real estate unit, Kardan Real Estate, with Delek Real Estate, creating one of the largest residential property developers in Israel.
The merged company will hold a land bank for approximately 7,000 housing units of which 1,600 are already under construction, the company said.
Mike Croall; mike.croall@thomson.com
Copyright Thomson Financial News Limited 2008. All rights reserved.
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