Tel Aviv’s Nitsba Tower for a period of 5 and a half years for NIS 17 million (approximately $4.81 million). The coworking space is designed to host some 500 members, Barafanov said. The company intends to open an additional five coworking locations in Israel over the next three years, spanning a total of 20,000 square meters. The company is currently scouting additional locations in Tel Aviv, Jerusalem, central Israeli town Petah Tikva, and Be’er Sheva in Israel’s southern region.
Russian co-working firm SOK is expanding abroad, opening a 3,060 sqm, 500-seat space in Tel Aviv’s Nitsba Tower. Russia's second-largest co-workspace operator, SOK plans to open a further five locations in Israel over 5 and a half years. The company, which is owned by billionaire Igor Rybakov, considered several countries for its international expansion and decided upon Israel due to its fast-growing market, according to C Tech by Calcalist.