Chinese investments in Israel are expanding into the real estate sector. Sources from Globes report that the Chinese embassy in Israel is buying Comverse House on Habarzel Street in the Ramat Hahayal neighborhood of Tel Aviv, owned by Shaul Lotan, for NIS 200 million.

The complex contains a six-storey 16,000 sqm. office building with 15,000 sqm. of underground parking and 350 parking spaces, storage space, and showers for employees. The building contains office space, halls, laboratories, conference rooms, display rooms, an auditorium and a dining room.

For a long time, the Chinese embassy has been looking for an office building to purchase, and was in negotiations to buy Dan Bus Company’s office building in Herzliya Pituah.