Creo products will continue to rent 16,000 sq.m. at $12.50 per sq.m. per month in Herzliya
Creo Products (Nasdaq: CREOTSE:CRE) has extended its lease on the former Scitex campus in Herzliya Pituah for two years. Creo rents 16,000 sq.m. at $12.50 per sq.m. per month from Bayside Land Corp. (Gav Yam), the same as its current terms. So far as is known, Creo did not ask for, nor received, an option to extend the last past May 2005. Creo may, however, decide to stay in Herzliya, and not move to Ra’anana. 

As reported by Israeli newspaper “Globes”, Creo has been in advanced negotiations with Aviv-Ocif Investments and Development (TASE:OCIF) to rent 15,000 sq.m. in the Ra’anana industrial zone at $11-12 per sq.m. per month. Sources close to the negotiations told “Globes” that problems have arisen, and the deal might not go through. (Globes-by Elazar Levin    13 Apr 03   14:03)