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3 protected Downtown Jerusalem buildings sold for NIS 87m

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3 properties slated for preservation in Downtown Jerusalem were not long ago bought to Jerusalem developer Nahum Rosenberger and companies underneath the management of the Osher Advertisement entrepreneurs, for NIS 87 million. The structures, purchased from Hadas Cash, are in Mevo Hamatmid Avenue off Hillel Road near the Pazgas compound driving King George Road, just one of Jerusalem’s most sought just after spots,

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Zionist Revisionist leader Ze’ev Jabotinsky once lived in just one of the a few structures, which overall 1,200 sq. meters. Hadas Money acquired the buildings two a long time back from Shlomo Eliahu, the managing shareholder in the Migdal Coverage company.

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The significant cost paid for the a few structures demonstrates not only the point that they are located in a substantial-need area surrounded by prestigious large-rise residential assignments like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at this time below development, but also because Rosenberger himself is creating a 30-floor tower concerning 31-35 King George Street, the former workplaces of Pazgas, which has been authorised by the Jerusalem District Preparing and Building Commission. The new tower will have 250 flats for rent, places of work and industrial area.

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Rosenberger and his companions are hoping to expand the prepare to contain the full strip of encompassing structures on King George Street concerning Hillel and Shaham Street but this is a complex endeavor owing to the massive range of home entrepreneurs concerned, while the authorities are keen for this kind of a system to move in advance.

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Printed by Globes, Israel company information – en.globes.co.il – on May perhaps 11, 2022.

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

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