Midas buys a building in Netanya with partners for NIS 195 million

Midas buys a building in Netanya with partners for NIS 195 million
Midas buys a building in Netanya with partners for NIS 195 million

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This is a property located in the Kiryat Hasharon neighborhood of the city that includes 4,000 square meters of commercial space that is already leased to Dor Alon and the Stop Market chain. In addition, there are another 17,000 square meters of office space. Occupancy of the property is expected to begin in the coming months.

In the property purchased in Netanya, there are additional building rights for 3 additional floors of 7,000 square meters of offices that have already received a building permit – construction will begin in the near future.

Midas Real Estate Investments completes the purchase of the property together with its partners, Sharon-Nahav, Property Farmer and developer Natan Raskin. Midas will hold 22% of the property directly and another 22% will be held by a private company related to it and its operations.

33% of the property will be owned by Sharon-Nehav and a property farmer and real estate developer Natan Raskin will hold 23%. The actual management of the property will be carried out by Midas and by Sharon – Nehav and a property farmer.

Midas CEO Ran Steinman noted that “The fact that we completed the acquisition of ‘Momentum’, during the week during which the company’s name was distorted in an affair unrelated to us, testifies to the company’s solidity and professional capabilities. “Midas is in significant momentum in its operations and this will be reflected in additional transactions.”

Source

Midas buys building Netanya partners NIS million

 
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