Rafael Defense Firm Expands Haifa High-Tech Park Presence
Translated & summarized from NEWSru Israel by baba
The Rafael defense technology company is expanding its operations in Haifa by leasing an additional 4,000 square meters in the city's Science and High-Tech Park for 32 million shekels over five years. This brings Rafael's total leased space in the park to 10,000 square meters, with a combined contract value of 77 million shekels. The expansion is part of a larger development project in Haifa aimed at hosting technology companies and advanced manufacturing.
The story in 5 lines · by baba
- Rafael defense firm leased an additional 4,000 sq. m. in Haifa's Science and High-Tech Park.
- The new five-year lease agreement is valued at approximately 32 million shekels.
- Rafael's total leased space in the park will reach 10,000 sq. m. after expansion.
- The combined value of Rafael's two lease agreements in the park totals 77 million shekels.
- The Haifa Science and High-Tech Park is a major development for technology companies and advanced manufacturing.
The Rafael defense technology company has signed a new lease agreement to rent an additional two floors, approximately 4,000 square meters, in the Haifa Science and High-Tech Park. The five-year deal is valued at around 32 million shekels and includes an option for lease renewal. These new premises are located in Building B of the park, which is owned by the Mivne Group and the Haifa Economic Corporation.
This latest agreement builds upon a previous contract signed about a year ago, where Rafael leased three floors in the same park for approximately 45 million shekels over five years. Rafael is already occupying the initial leased spaces and is expected to move into the new ones within the coming months.
Upon completion of this expansion, Rafael will occupy a total of five floors, covering about 10,000 square meters, with the combined value of both lease agreements reaching 77 million shekels. The leased spaces will be delivered fully furnished, and the deal also includes parking spots, though their quantity and cost were not disclosed. The average rental cost, including parking, is estimated at 133 shekels per square meter monthly, totaling approximately 533,000 shekels per month.
The Haifa Science and High-Tech Park is situated at the southern entrance to Haifa, near the Sammy Ofer Stadium and MATAM Park. Its location offers convenient access to major transportation routes including the Coastal Highway, Carmel Tunnels, Hof HaCarmel train station, and the Central Bus Station. The park project comprises three completed and two planned eight-story buildings, with a total area of about 80,000 square meters, designed to accommodate technology firms, R&D centers, and advanced manufacturing facilities.
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