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(From Israel Business Arena)
Byline: Guy Yamin
Alrov Properties and Lodgings Ltd. (TASE: ALRO) controlling shareholder Alfred Akirov says he plans to go ahead with the Jerusalem's Mamilla project near the Old City's Jaffa Gate as soon as possible.
Alrov plans to invest an additional NIS 600 million in Mamilla project. Alrov plans to add 5,000 sq.m. in office space in two building in the northern section of the project, bringing it to a total of 110,000 sq.m. of built-up space, including half in underground service areas, 35,000 sq.m. of office space, and 20,000 sq.m. of residences.
Alrov has already invested over NIS 200 million in the …