3 protected Downtown Jerusalem buildings sold for NIS 87m

Stahlman
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A few structures slated for preservation in Downtown Jerusalem have been a short while ago bought to Jerusalem developer Nahum Rosenberger and corporations beneath the management of the Osher Ad homeowners, for NIS 87 million. The properties, purchased from Hadas Capital, are in Mevo Hamatmid Avenue off Hillel Road in close proximity to the Pazgas compound behind King George Street, one of Jerusalem’s most sought immediately after locations,

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Zionist Revisionist leader Ze’ev Jabotinsky the moment lived in just one of the 3 buildings, which whole 1,200 square meters. Hadas Cash acquired the buildings two years ago from Shlomo Eliahu, the controlling shareholder in the Migdal Coverage firm.

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The higher price compensated for the a few properties demonstrates not only the reality that they are located in a higher-demand region surrounded by prestigious superior-rise residential initiatives like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is now less than design, but also for the reason that Rosenberger himself is establishing a 30-ground tower between 31-35 King George Street, the former workplaces of Pazgas, which has been permitted by the Jerusalem District Arranging and Making Fee. The new tower will have 250 residences for hire, places of work and commercial space.

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Rosenberger and his companions are hoping to develop the program to include the entire strip of bordering properties on King George Avenue among Hillel and Shaham Street but this is a advanced endeavor because of to the huge number of home homeowners included, although the authorities are eager for this kind of a plan to transfer ahead.

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Revealed by Globes, Israel business information – en.globes.co.il – on May 11, 2022.

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

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