3 protected Downtown Jerusalem buildings sold for NIS 87m
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3 buildings slated for preservation in Downtown Jerusalem have been recently bought to Jerusalem developer Nahum Rosenberger and corporations under the handle of the Osher Advertisement owners, for NIS 87 million. The buildings, acquired from Hadas Cash, are in Mevo Hamatmid Avenue off Hillel Street around the Pazgas compound guiding King George Road, 1 of Jerusalem’s most sought soon after locations,

Zionist Revisionist chief Ze’ev Jabotinsky when lived in one of the a few buildings, which total 1,200 sq. meters. Hadas Capital acquired the buildings two yrs in the past from Shlomo Eliahu, the managing shareholder in the Migdal Insurance policy enterprise.




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The higher price compensated for the 3 properties reflects not only the simple fact that they are positioned in a substantial-demand from customers location surrounded by prestigious high-rise household initiatives like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is presently less than development, but also for the reason that Rosenberger himself is producing a 30-floor tower in between 31-35 King George Street, the previous places of work of Pazgas, which has been authorised by the Jerusalem District Organizing and Setting up Fee. The new tower will have 250 apartments for lease, offices and professional place.

Rosenberger and his associates are attempting to expand the program to include the entire strip of encompassing structures on King George Road involving Hillel and Shaham Avenue but this is a complicated endeavor because of to the big range of home owners involved, though the authorities are eager for these kinds of a approach to move forward.

Printed by Globes, Israel organization news – en.globes.co.il – on Could 11, 2022.

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