Moving lock, stock and barrel
The TASE announced it is considering either buying a lot on which to build a building, or buying or renting an already available one.
The Tel Aviv Stock Exchange is looking for a new home after 23 years at 54 Ahad Ha'am Street. The TASE published an ad this weekend for a new building and requested proposals. The TASE announced it is considering either buying a lot on which to build a building, or buying or renting an already available one. In any case, the TASE said it is not willing to pay an agent's fee, and any broker would have to receive its fees from the seller.
The TASE intends to move by the end of 2008, and insists all offers be within the Tel Aviv municipal borders, preferably in the center of the city; the area must be a commercial space with an excellent reputation and access. The new building should be 6,000 square meters, mostly for offices, but a computer center and visitor center are also planned; and not be more than eight stories high.
The TASE also requires 150 parking spaces and public parking nearby. The TASE prefers its own, separate building but other options are possible. The offer period closes at the end of October.