Azrieli Group Ltd (TASE: AZRG) and Israeli fintech startup Rapyd announced today that they have signed a lease agreement for 27,500 square meters in two different towers in the Azrieli Center in Tel Aviv, including the first-ever leasing deal for a Spiral Tower under construction. . Related materials Work begins on the Azrieli Center tower “Spiral” Israeli financial technology company Rapyd is raising $ 300 million Rapyd rents 11,000 square meters on eight floors of the triple tower and a 2,400 square meter garden terrace. One of the floors will contain space for training programs for computer science graduates as well as a venture capital fund Rapyd Ventures and fintech incubator the company plans to set up. Rapyd leases seven floors and 14,000 square meters of the Spiral Tower, which is under construction and will be commissioned in 2026. The spiral tower will have 91 floors upon completion and unlike the three towers in Azrieli Center, it will be 27,000 square meters. Meters of apartments as well as offices, commercial space and hotels. The spiral tower is being built just north of the three existing ones, on the site of the former offices of Yedioth Ahronoth. The value of the leasing deal is about 100 million shekels for five years in the round tower and another 150 million shekels for five years in the spiral tower. Rapyd has developed a corporate and consumer payment platform to allow for bank transfers, digital wallet infrastructure, cash payments, alternative domestic payment tools, and more. The company has 300 employees in Tel Aviv, London, Amsterdam, Iceland, Singapore and Mountain View, California. Posted by Globes, Israel business news – en.globes.co.il – on April 26, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Rapyd rents 15 floors in Azrieli triangular spiral towers
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