Amy Crew acquires Planet Rishon Lezon for NIS 300 million | Israel Times

spsingh
3 Min Read
Disclosure: This website may contain affiliate links, which means I may earn a commission if you click on the link and make a purchase. I only recommend products or services that I personally use and believe will add value to my readers. Your support is appreciated!

The Amy Crew, owned by way of businessman Shlomi Nechaisi, has received the Planet Rishon Lezion complicated for NIS 300 million from the Israel Theatres workforce.

Planet, which will probably be renamed “Amy Planet,” opened in July 2012 with an funding of over NIS 200 million and is regarded as probably the most greatest and main cinema and leisure complexes in Israel, with roughly 1.5 million audience every year. It’s situated in western Rishon Lezion, adjoining to Superland, the Are living Park amphitheater, and the Elef complicated.

The complicated spans roughly 30 dunams and comprises about 25,000 sq. meters of constructed house, comprising 26 halls – of which 24 are cinema halls with about 3,600 seats and two further match and convention halls – at the side of about 2,000 parking areas. Along with the cinema halls, the complicated comprises roughly 20 retail outlets and stalls.

Shlomi Nechaisi, proprietor of the Amy Crew, mentioned: “The acquisition of the Planet Rishon Lezion complex is a significant strategic transaction for the Amy Group and constitutes another layer in the expansion of the group’s yield-generating real estate operations.”

Nechaisi additional added that “this is one of the leading entertainment, leisure, and cinema complexes in Israel, which enjoys an excellent location, full occupancy, and impressive visitor traffic throughout the year. We believe in the great potential of the complex and will work to continue and strengthen its status as a central entertainment hub for residents of the area and visitors from all over the country. Alongside this, we intend to realize the building rights for approximately 10,000 square meters existing in the zoning plan and develop the complex in a way that will create additional value for visitors, tenants, and the company.”

The Amy Planet complicated would be the 18th business complicated for Amy Crew and the 3rd complicated to incorporate cinemas. A couple of yr in the past, the crowd received in a large deal the “Amy Commercial Centers Netanya Poleg” complicated – previously the Y-Heart complicated in Netanya – for a sum estimated at roughly NIS 330 million. Along with 20 retail outlets, the complicated additionally comprises the Movieland cinema, which options 11 cinema halls together with two Improve halls and a Youngsters corridor. About six months in the past, the crowd received the Gan HaIr Karmiel heart, which incorporates 8 Movieland cinema halls, for NIS 215 million.

As well as, Amy Crew owns and manages business facilities around the nation, together with within the towns of Petah Tikva, Netanya, Rishon Lezion, Tel Aviv–Yafo, Ness Ziona, Givat Shmuel, Herzliya, Or Yehuda, Or Akiva, Tirat Carmel, and Hadera.

Website |  + posts
author avatar
spsingh
Share This Article