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Best Construction Wins $270 Million Contract for Ramat Gan Stock Exchange Project
Best Construction secured a 1.12 billion shekel contract to be the main contractor for Phase A of the Vertical City project in Ramat Gan. The project, led by Israel Canada, BSR Real Estate, and Clal Insurance, will include multiple towers for employment and residential use.
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What happened
- 01Best Construction won a 1.12 billion shekel contract for Phase A of the Vertical City project.
- 02The Vertical City project is located at the Ramat Gan Stock Exchange complex.
- 03Phase A of the project includes 236,000 square meters of development.
- 04The project will feature employment towers of 60 and 111 stories, and a 72-story residential tower.
- 05Construction is expected to last 64 months.
- 06Best Group recently raised 400 million shekels in an IPO.
Construction is expected to last 64 months, with work orders anticipated within months.
The coverage
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How it broke
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