Meitav, Discount buy into Plaza Fund

The 913 room five-star hotel, scheduled to open in 2010, will be located close to the London Eye, overlooking Big Ben and the Houses of Parliament.

By AVI KRAWITZ
July 12, 2006 08:28

The underwriting units of Meitav Investment House and Discount Capital Markets and Investments have joined forces with Triple-A Investments and UK real estate company Opportunity UK to set up an investment fund to buy 300 units for resale in the prestigious Westminster Bridge Park Plaza project in central London. The so called Plaza Fund - London said it was able to secure a 15% discount on the purchase price and will pay an advance payment of 10%. The 913 room five-star hotel, scheduled to open in 2010, will be located close to the London Eye, overlooking Big Ben and the Houses of Parliament.


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