Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) has completed its purchase of the Herzliya Life Plaza complex for NIS 300 million. The purchase was made with funds from participating life insurance policies.
The 22,000-square meter two-building office and commercial complex was bought from a subsidiary of Fishman Holdings CA Israel Ltd. is the primary tenant in one building; construction of the second building is due to be completed by mid-2008 and marketing of space is now underway.
