Sella buys real estate from Yitzchak Mirilashvili for NIS 431m
Sella Capital is buying six flooring of workplaces and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv, as properly as 80% of a Holon industrial center.


Israeli true estate financial commitment rely on (REIT) business Sella Capital (TASE: SLARL) continues to grow and has acquired office and professional space in central Israel for NIS 431 million as well as VAT. A resource shut to the deal has informed “Globes” that the seller is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in genuine estate, infrastructures, technology, communications and media like Rothshtein Construction and Belongings (TASE: ROTS) and the Channel 14 industrial Tv set station.

Sella Money, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to invest in 6 floors of places of work and 90 underground parking spaces in the North Ha’arba’ah Tower in Tel Aviv as well as 80% of a commercial middle in Holon.

For the office environment house and parking in Tel Aviv, Sella Funds is paying NIS 295 million and for the business center in Holon NIS 136 million. The 6 floors in the North Ha’arba’ah Tower at 28 Ha’arba’ah Road are the 30th-35th flooring with office place masking 6,923 sq. meters, which are totally leased to two tenants – a tech firm and funds market enterprise, which have alternatives to increase their leases by 5-10 a long time for added lease of 3%-10%.

Sella Funds claimed that the 6 business flooring make once-a-year internet working money (NOI) of NIs 16.8 million and that the annual returns are 5.7% with about 10% yearly returns on capital.

Revealed by Globes, Israel company news – en.globes.co.il – on July 17 2022.

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



Gadi Elikam Credit history: Avishay Finkelstein