Globes reports that US-based electric vehicle maker Tesla is gearing up for expansion in Israel. "Globes" has learned that the company recently signed a lease on a property in the industrial zone of Netanya on which it will set up a large sales and service center. The privately-owned property, five dunams in area, is at 39-41 Hakadar Street in north Netanya, close to the sales and service center of rival Chinese electric vehicle brand Geely Geometry.

According to a presentation by realtor Yair Levy Real Estate Strategy, which brokered the deal, the property has 3,300 square meters of built space, and building rights of 300-400% for commerce and offices.

The property was originally offered for sale for NIS 47 million, but as far as is known Tesla has signed a long lease on it. Sources inform "Globes" that several vehicle importers expressed interest in the property.

Source - Globes/Twitter - Image - Shutterstock