Foundation
Reit Levy areas
+ 3.81%
Base:1,339
opening:1,339
Tall:1,393
low:1,329
change:243,639
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Reports a purchase agreement and an option agreement for the purchase of 210 apartments in Haifa for NIS 238 million and option agreements for the purchase of commercial and office space for NIS 8 million. These are four different projects in the port campus complex and in the Bat Galim neighborhood in the city, which are in various stages of planning or licensing.
As part of the option agreement, the fund can purchase 1,000 square meters of commercial space and 2,000 square meters of office space, at a price of NIS 13,000 per square meter in the commercial space and NIS 9,000 per square meter in the office space.
The consideration for the purchases of the apartments will be as follows: NIS 136 million for the first project, NIS 28 million for the second, NIS 36 million for the third and NIS 38 million for the fourth. The first two projects will be in the form of a mix of uses.
Financing the purchase of the apartments will be carried out from the company’s own sources or through receiving external financing from financing bodies such as banks and institutional bodies or alternatively through the issuance of bonds. For the purchase of the assets, the Harit Fund is expected to pay purchase tax at a rate of 0.5%. In the event that the construction of a particular project is not completed within 5 years from the date of signing the purchase agreement, the fund will be charged at the rate of purchase tax determined by law.
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