3 protected Downtown Jerusalem buildings sold for NIS 87m
2 min readThree structures slated for preservation in Downtown Jerusalem were recently bought to Jerusalem developer Nahum Rosenberger and providers less than the command of the Osher Advert proprietors, for NIS 87 million. The properties, bought from Hadas Funds, are in Mevo Hamatmid Street off Hillel Street near the Pazgas compound at the rear of King George Avenue, just one of Jerusalem’s most sought following spots,

Zionist Revisionist leader Ze’ev Jabotinsky when lived in 1 of the a few buildings, which whole 1,200 square meters. Hadas Funds bought the properties two several years back from Shlomo Eliahu, the managing shareholder in the Migdal Insurance policy business.




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The higher rate paid for the a few structures demonstrates not only the point that they are situated in a significant-need location surrounded by prestigious substantial-rise residential assignments like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is now underneath development, but also since Rosenberger himself is acquiring a 30-flooring tower amongst 31-35 King George Avenue, the former places of work of Pazgas, which has been accepted by the Jerusalem District Preparing and Setting up Commission. The new tower will have 250 residences for rent, places of work and industrial house.

Rosenberger and his companions are attempting to grow the strategy to involve the overall strip of surrounding buildings on King George Road amongst Hillel and Shaham Avenue but this is a elaborate endeavor because of to the substantial quantity of house owners included, whilst the authorities are keen for these a program to transfer ahead.

Released by Globes, Israel business news – en.globes.co.il – on Might 11, 2022.

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