General Microwave leased 6,200 sqm in Givat Ram Gav-Yam Park.

The company, whose products are sold mainly to the defense industries, rented the new office space in Jerusalem at an annual cost of approximately 7 million shekels; the campus project in Givat Ram is a joint project between Gev Yam, the Hebrew University and the Jerusalem Development Authority; the first phase of the project is expected to be occupied by the end of 2024.

Image: The high-tech park being built by Gev Yam Gev-Yam at the Hebrew University. Expected to be occupied by the end of 2024 (Illustration: Moshe Tzur Architects)

Against the backdrop of the war and while the office market is frozen, the Gav Yam company leased 6,200 square meters of office space on the Givat Ram campus, which is currently in advanced stages of construction. The lease deal is for a period of 10 years and has an estimated cost of approximately 70 million shekels for the entire period.
General Microwave Israel is a technology company in the field of microwaves and multidisciplinary complexes that are mainly integrated into systems and the defense and space industry in Israel and around the world. The company is already located in the offices it is renting in Jerusalem (on Pierre King Street) and has now rented space in two buildings under construction, the entire fourth floor, as well as the northern part of the second floor (the two buildings are connected so that one large area is created on one level).
The Gav Yam Hevrit Park was designed as a high-tech park on the Givat Ram campus of the Hebrew University and will include Four buildings have been completed, with a total area of ​​approximately 270,000 square meters, as part of a strategic partnership between Gev-Yam, the Hebrew University and the Jerusalem Development Authority (Gev-Yam’s share – 66%).
The project will include 3 14-story buildings and a 42-story tower. Phase A, which the company rented and is currently under construction, includes 2 buildings with an area of ​​57,000 square meters, which are expected to be occupied from the end of 2024. To date, approximately 30,000 square meters have been marketed in the project, which constitutes approximately 53% of the area of ​​the first two buildings in the park, of which approximately 10,000 square meters were marketed during 2023. Among the companies that have rented space in the project are the pharmaceutical company Merck, as well as the Jerusalem high-tech company Lightrix.