JTA NEWS
22 November 2017 - 4 Kislev 5778 - ד' כסלו ה' אלפים תשע"ח
JTA NEWS :
Chinese Government leases more Tel Aviv office space for cultural centre E-mail

The Chinese Government has signed a lease for 1,015 square metres in a new building at 30 Habarzel Street in the Ramat Hahayal industrial zone in Tel Aviv, the same neighbourhood in which the Chinese embassy is being built.

The site, already in the advanced stages of construction, was purchased by Amot Investments Ltd from the Taiber family last November for NIS 250 million.

The Chinese Government will pay NIS 20 million for the lease, including NIS 14.5 million in rent and payments for adjusting the building to its needs, and will establish a cultural centre there. The lease was negotiated by the Chinese Ministry of Culture and the Chinese cultural attaché in Israel, Wan Ting. The Chinese Government acquired the Comverse Inc. building for its embassy 18 months ago, paying NIS 200 million.

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