3 protected Downtown Jerusalem buildings sold for NIS 87m
3 properties slated for preservation in Downtown Jerusalem ended up lately offered to Jerusalem developer Nahum Rosenberger and providers less than the management of the Osher Advert homeowners, for NIS 87 million. The buildings, bought from Hadas Money, are in Mevo Hamatmid Street off Hillel Avenue in the vicinity of the Pazgas compound driving King George Avenue, just one of Jerusalem’s most sought immediately after places,

Zionist Revisionist leader Ze’ev Jabotinsky once lived in a single of the a few structures, which total 1,200 square meters. Hadas Money purchased the properties two many years in the past from Shlomo Eliahu, the managing shareholder in the Migdal Insurance plan organization.




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The large cost paid out for the a few properties reflects not only the point that they are located in a significant-need space surrounded by prestigious high-increase residential jobs like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is currently under design, but also since Rosenberger himself is establishing a 30-floor tower concerning 31-35 King George Street, the former workplaces of Pazgas, which has been accepted by the Jerusalem District Preparing and Building Commission. The new tower will have 250 residences for hire, workplaces and professional space.

Rosenberger and his partners are seeking to expand the plan to involve the entire strip of surrounding structures on King George Avenue in between Hillel and Shaham Street but this is a complicated endeavor thanks to the big number of house proprietors concerned, despite the fact that the authorities are eager for these a program to shift in advance.

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

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