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.
Israeli 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 the next five 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.