Is Scitex moving OUT of Herzliya??????

Herzliya Municipality Seeks to Retain Scitex by Offering Building Rights, Tax Breaks

By Elazar Levin

The Herzliya municipality is seeking to prevent Scitex’s departure. Negotiations with Scitex were accelerated after “Globes” reported last week that the company was negotiating to rent 30,000 sq. m. in Rosh-Ha’ayin, Kiryat Aryeh or Netanya. Scitex currently occupies 25,000 sq. m. in two buildings in Herzliya Pituah.

Deputy Herzliya mayor and chairman of the Town Building and Planning Committee Haim Peled, Scitex vice president Erez Meltzer, and Bayside general manager Hanan Nitzan met to discuss the issue last week. On the agenda was a plan whereby the municipality will allow Bayside to demolish the single-storey building occupied by Scitex, and put up a seven-storey building that will be leased to the company. Peled and town engineer Meshulam Granot, who attended the meeting, said that the municipality would speed up the approval of the building plan. The municipality will also allow Scitex to construct a 700-vehicle parking lot.

Municipal accountant Aryeh Rahat said he would look into Scitex’s request for municipal tax concessions. The municipal tax gap between Herzliya and other cities is one of the major reasons for Scitex’s plan to relocate.

Published by Israel’s Business Arena September 13, 1999