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BST Building to Execute Israel Canada's $260 Million Ramat Gan Project
BST Building will serve as the main contractor for the first phase of Israel Canada's "Vertical City" project in Ramat Gan, valued at approximately 1.12 billion shekels. The mixed-use development will cover 236,000 square meters and is expected to take about 64 months to complete.
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What happened
- 01BST Building secured a 1.12 billion shekel contract for Israel Canada's "Vertical City" project.
- 02The project's first phase involves 236,000 square meters of mixed-use development in Ramat Gan.
- 03Construction is expected to take approximately 64 months from the work order issuance.
- 04Israel Canada holds a 56% stake in the "Vertical City" development.
- 05The contract is primarily a lump-sum agreement with payments indexed to construction costs.
Israel Canada leads the project with a 56% stake, alongside BSR Real Estate and Clal Insurance. BST's CEOs highlighted the project's scale and the company's engineering capabilities.
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