Nimbus is the general name for clouds that contain precipitation.
Today, when the word nimbus is mentioned in the Israeli real estate community, everyone knows it’s the name of the project to provide cloud data and storage services to all of Israeli ministries, government authorities and the IDF.
Most of the hyper scale cloud service companies participated in the Nimbus tender and Israel awarded it to Amazon Web Services (AWS) and Google Cloud.
The importance and benefits of establishing a cloud infrastructure within the Israeli physical territory are:
Improving Efficiency – optimal performance and minimal response time.
Data – availability of data processing power.
Sovereignty – regulation of services and information in accordance with the Laws of the State of Israel.
Continuity of Functionality – continuity and survival of services in the State of Israel, even in the event of disconnection from the global internet network.
Local Investment – significant financial investment by the clouds provider, in the establishment of the sites in Israel.
Employment – employment of thousands of workers in the operation (at least during the establishment stages) and for the purpose of providing services that support the area’s activities. The two losing companies in the tender – Microsoft and Oracle – waged a public relations campaign in efforts to change the decision.
Israeli commercial real estate deals
SUMMIT REAL ESTATE HOLDINGS LTD is buying 10 residential buildings (490 apartments) at New York for 89$ million.
ELECTRA REAL ESTATE LTD is selling a portfolio of 150 apartments at Charlotte, North Carolina for $89 million.
CARR is buying an office building at Austin Texas for $315 million.
Commercial Real Estate Opportunities:
For sale 2,200M2 commercial building in Petah Tikva, in the center of Israel.
For sale one floor (1,150M2) out of five, in a comercial building in the center of Tel Aviv.
For Sale in Tel Aviv 600M2 floor, (one out of 4) + 13 parking spaces.
For lease, in Alon Tower Tel Aviv 156M2 office space, high floor, 5 rooms.
For lease, in Or Yehuda, 600M2 office space ready to occupy.
For lease, in Petah Tikva 1,700M2 office space ready to occupy.
The purpose of this Newsletter is to update you with Commercial Real Estate information related to companies from Israel. The information contained herein does not constitute an opinion or professional advice. It is recommended to use the information detailed in this Newsletter only after consultation with the appropriate professional consultants from our office.
Propertech Real Estate is a commercial real estate boutique, a leader in providing professional and unique brokerage services for office spaces, logistics spaces, commercial buildings, brokering and negotiating investment real estate transactions, land, etc,
managed by Avi Gimpel and Guy Amosi.