Gazit Globes invests in Rishon centers

Real Estate company Gazit Globes has bought asset management company Drom Yehuda Assets, which manages business centers in Rishon Lezion, Gazit Globes said Sunday.

Real Estate company Gazit Globes has bought asset management company Drom Yehuda Assets, which manages business centers in Rishon Lezion, Gazit Globes said Sunday. The total investment, including building costs, was $80 million. With the acquisition, Gazit Globes takes control of a 25,000 square-meter center on Moshe Dayan Street in the city, which hosts Super Sol, Home Center and Mega Sport among its tenants. It also includes the new Power Center 2 being built on the same street over 18,000 square-meters, which is expected to open by year-end and 15.5 dunams of adjacent land.