3 protected Downtown Jerusalem buildings sold for NIS 87m
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A few buildings slated for preservation in Downtown Jerusalem had been not too long ago marketed to Jerusalem developer Nahum Rosenberger and organizations below the regulate of the Osher Advertisement owners, for NIS 87 million. The structures, acquired from Hadas Cash, are in Mevo Hamatmid Road off Hillel Road close to the Pazgas compound guiding King George Avenue, a single of Jerusalem’s most sought just after regions,

Zionist Revisionist chief Ze’ev Jabotinsky as soon as lived in 1 of the three properties, which total 1,200 square meters. Hadas Funds bought the properties two yrs in the past from Shlomo Eliahu, the managing shareholder in the Migdal Insurance firm.




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The high rate paid for the three structures demonstrates not only the simple fact that they are located in a high-desire location surrounded by prestigious superior-increase residential initiatives like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is now below design, but also because Rosenberger himself is establishing a 30-ground tower involving 31-35 King George Avenue, the former places of work of Pazgas, which has been authorized by the Jerusalem District Setting up and Setting up Fee. The new tower will have 250 flats for hire, places of work and business space.

Rosenberger and his companions are striving to expand the strategy to include things like the complete strip of bordering structures on King George Avenue between Hillel and Shaham Road but this is a intricate endeavor thanks to the big range of house homeowners included, despite the fact that the authorities are keen for these kinds of a system to transfer forward.

Printed by Globes, Israel business news – en.globes.co.il – on May well 11, 2022.

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