Show me an example Israel Real Estate News: Delek Real Estate in talks to buy into high-tech park

Sunday, March 04, 2007

Delek Real Estate in talks to buy into high-tech park

Delek Real Estate Ltd. (TASE: DLKR) is negotiating to buy 33-40% of the high-tech industrial park in Hod Hasharon at a value of $50 million from Ashtrom Properties Ltd. (TASE:ASPR) and Mivtach Shamir Holdings Ltd. (TASE:MISH). The return on investment at this price will be 8.5%.