3 protected Downtown Jerusalem buildings sold for NIS 87m
Table of Contents
A few properties slated for preservation in Downtown Jerusalem have been just lately offered to Jerusalem developer Nahum Rosenberger and firms under the management of the Osher Advert homeowners, for NIS 87 million. The structures, purchased from Hadas Cash, are in Mevo Hamatmid Road off Hillel Road in close proximity to the Pazgas compound behind King George Road, just one of Jerusalem’s most sought after spots,

Zionist Revisionist leader Ze’ev Jabotinsky as soon as lived in one particular of the three buildings, which total 1,200 square meters. Hadas Cash acquired the buildings two several years ago from Shlomo Eliahu, the managing shareholder in the Migdal Insurance policies corporation.




Related Content




Shlomo Eliahu sells 17 Jerusalem of Gold apartments







The large selling price compensated for the a few buildings demonstrates not only the simple fact that they are situated in a large-demand area surrounded by prestigious large-rise household jobs like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is now less than building, but also for the reason that Rosenberger himself is producing a 30-ground tower involving 31-35 King George Avenue, the former places of work of Pazgas, which has been approved by the Jerusalem District Setting up and Building Fee. The new tower will have 250 flats for hire, offices and industrial house.

Rosenberger and his companions are striving to grow the prepare to include things like the whole strip of encompassing structures on King George Street involving Hillel and Shaham Street but this is a complex endeavor due to the significant quantity of residence homeowners involved, even though the authorities are keen for these types of a plan to go forward.

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

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


