Sunday, October 2, 2022

3 protected Downtown Jerusalem buildings sold for NIS 87m

Three buildings slated for preservation in Downtown Jerusalem have been not too long ago sold to Jerusalem developer Nahum Rosenberger and firms underneath the management of the Osher Advert homeowners, for NIS 87 million. The buildings, purchased from Hadas Capital, are in Mevo Hamatmid Avenue off Hillel Avenue close to the Pazgas compound behind King George Avenue, certainly one of Jerusalem’s most wanted areas,

Zionist Revisionist chief Ze’ev Jabotinsky as soon as lived in one of many three buildings, which whole 1,200 sq. meters. Hadas Capital purchased the buildings two years in the past from Shlomo Eliahu, the controlling shareholder within the Migdal Insurance coverage firm.

The excessive worth paid for the three buildings displays not solely the truth that they’re situated in a high-demand space surrounded by prestigious high-rise residential initiatives like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is presently underneath development, but in addition as a result of Rosenberger himself is growing a 30-floor tower between 31-35 King George Avenue, the previous places of work of Pazgas, which has been accepted by the Jerusalem District Planning and Constructing Fee. The brand new tower may have 250 residences for hire, places of work and industrial house.

Rosenberger and his companions try to develop the plan to incorporate all the strip of surrounding buildings on King George Avenue between Hillel and Shaham Avenue however this can be a advanced endeavor because of the giant variety of property homeowners concerned, though the authorities are keen for such a plan to maneuver forward.

Printed by Globes, Israel enterprise information – – on Might 11, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.

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