Chinese Buy Property for Tel Aviv Embassy


The Chinese government has picked out a new home for its embassy in Tel Aviv, in the trendy Diamond Exchange district, Globes reported on Monday.

China has purchased Comverse House in the Ramat Hahayal high-tech industrial zone of the city for 192 million shekels. The six-floor building covering 50,000 square feet will replace the existing embassy quarters on Tel Aviv’s Ben Yehuda Street. The building also includes an underground car park with capacity for 350 vehicles and storage.

Prior reports had spoken of the Dan office building in Herzliya Pituach as a likely site for the expanded embassy. But that was eventually sold to Delek Group for its new main office.