3 protected Downtown Jerusalem buildings sold for NIS 87m
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3 properties slated for preservation in Downtown Jerusalem ended up a short while ago offered to Jerusalem developer Nahum Rosenberger and firms beneath the management of the Osher Ad owners, for NIS 87 million. The structures, purchased from Hadas Funds, are in Mevo Hamatmid Avenue off Hillel Avenue in the vicinity of the Pazgas compound powering King George Avenue, just one of Jerusalem’s most sought right after parts,

Zionist Revisionist chief Ze’ev Jabotinsky once lived in one particular of the three buildings, which full 1,200 square meters. Hadas Cash acquired the buildings two a long time back from Shlomo Eliahu, the controlling shareholder in the Migdal Insurance policy organization.




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The significant rate compensated for the three buildings demonstrates not only the actuality that they are found in a substantial-desire region surrounded by prestigious significant-increase household jobs like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at the moment less than development, but also since Rosenberger himself is acquiring a 30-floor tower among 31-35 King George Road, the former workplaces of Pazgas, which has been approved by the Jerusalem District Organizing and Making Commission. The new tower will have 250 residences for rent, workplaces and industrial area.

Rosenberger and his partners are making an attempt to expand the prepare to include things like the complete strip of bordering buildings on King George Street concerning Hillel and Shaham Street but this is a complicated endeavor because of to the massive amount of property house owners included, despite the fact that the authorities are eager for this sort of a plan to shift ahead.

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

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