3 protected Downtown Jerusalem buildings sold for NIS 87m
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Three structures slated for preservation in Downtown Jerusalem had been lately offered to Jerusalem developer Nahum Rosenberger and providers below the management of the Osher Advertisement owners, for NIS 87 million. The structures, purchased from Hadas Capital, are in Mevo Hamatmid Avenue off Hillel Avenue close to the Pazgas compound at the rear of King George Avenue, just one of Jerusalem’s most sought after spots,

Zionist Revisionist chief Ze’ev Jabotinsky at the time lived in 1 of the 3 properties, which complete 1,200 sq. meters. Hadas Capital bought the buildings two years back from Shlomo Eliahu, the controlling shareholder in the Migdal Insurance policies firm.




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The superior selling price compensated for the 3 properties reflects not only the point that they are positioned in a higher-demand from customers place surrounded by prestigious high-increase residential assignments like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is currently less than design, but also simply because Rosenberger himself is establishing a 30-floor tower in between 31-35 King George Road, the former offices of Pazgas, which has been authorized by the Jerusalem District Scheduling and Constructing Fee. The new tower will have 250 residences for lease, offices and business house.

Rosenberger and his associates are hoping to increase the prepare to include things like the complete strip of encompassing buildings on King George Street concerning Hillel and Shaham Avenue but this is a sophisticated endeavor thanks to the big amount of home owners associated, though the authorities are eager for these a system to go ahead.

Revealed by Globes, Israel enterprise news – en.globes.co.il – on May 11, 2022.

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