REALITY INVESTMENT FUND PURCHASED SITE AT HOF HATZUK IN NORTHERN TEL AVIV

28.12.15

Reality Investment Fund is happy to announce the purchase of the ownership rights in one half of the site, 20,000 sqm large, at Hof Hatzuk in Northern Tel Aviv. The remaining rights in the property are owned by Ashdar Building Co. Ltd. The "West" apartment hotel, which includes some 161 residential units (over 13 floors), is located on the lot. The Fund began acting to promote the enhancement of the property by improving the existing plan, in cooperation with Ashdar