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  • 3 protected Downtown Jerusalem buildings sold for NIS 87m
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3 protected Downtown Jerusalem buildings sold for NIS 87m

May 12, 2022
Myra Domonique
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Three properties slated for preservation in Downtown Jerusalem had been lately offered to Jerusalem developer Nahum Rosenberger and businesses under the control of the Osher Ad house owners, for NIS 87 million. The properties, acquired from Hadas Capital, are in Mevo Hamatmid Road off Hillel Street in close proximity to the Pazgas compound behind King George Street, just one of Jerusalem’s most sought right after areas,

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Zionist Revisionist chief Ze’ev Jabotinsky the moment lived in one of the 3 properties, which complete 1,200 sq. meters. Hadas Money purchased the properties two decades ago from Shlomo Eliahu, the managing shareholder in the Migdal Insurance company.

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The large price paid for the three structures demonstrates not only the point that they are found in a higher-desire place surrounded by prestigious superior-increase residential jobs like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is presently below development, but also due to the fact Rosenberger himself is acquiring a 30-flooring tower in between 31-35 King George Street, the former workplaces of Pazgas, which has been authorised by the Jerusalem District Setting up and Constructing Fee. The new tower will have 250 residences for hire, places of work and industrial place.

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Rosenberger and his partners are striving to develop the plan to include things like the whole strip of bordering structures on King George Avenue amongst Hillel and Shaham Street but this is a complicated endeavor thanks to the substantial quantity of house house owners involved, though the authorities are keen for such a system to go forward.

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Published by Globes, Israel organization information – en.globes.co.il – on Might 11, 2022.

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

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