TEVUOT HA'ARETZ, TEL AVIV

Acquired: 2012
 
A privately owned plot of land with an area of 2,500 sqm in the heart of the Shikun Dan neighborhood – the old office building on the site has a built-up area of about 5,000 sqm.

Zoning designation at acquisition: Employment.

Betterment measures: Promotion of a zoning plan to substantially increase the building rights and integrate residential uses, in accordance with the Tel Aviv master zoning plan. As part of the betterment process, the entire property was leased-up.