3 protected Downtown Jerusalem buildings sold for NIS 87m
A few buildings slated for preservation in Downtown Jerusalem had been just lately offered to Jerusalem developer Nahum Rosenberger and providers under the handle of the Osher Ad owners, for NIS 87 million. The structures, acquired from Hadas Cash, are in Mevo Hamatmid Street off Hillel Street close to the Pazgas compound at the rear of King George Road, a person of Jerusalem’s most sought after parts,

Zionist Revisionist chief Ze’ev Jabotinsky the moment lived in a person of the three buildings, which total 1,200 sq. meters. Hadas Funds acquired the buildings two years back from Shlomo Eliahu, the managing shareholder in the Migdal Insurance company.




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The high selling price paid for the a few properties displays not only the reality that they are located in a significant-need location surrounded by prestigious high-rise household projects like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is currently beneath construction, but also because Rosenberger himself is creating a 30-floor tower concerning 31-35 King George Street, the former offices of Pazgas, which has been authorized by the Jerusalem District Scheduling and Developing Commission. The new tower will have 250 flats for rent, places of work and business space.

Rosenberger and his associates are attempting to extend the plan to incorporate the whole strip of bordering structures on King George Street involving Hillel and Shaham Street but this is a intricate endeavor thanks to the large amount of home owners involved, even though the authorities are keen for these a program to shift forward.

Released by Globes, Israel enterprise information – en.globes.co.il – on May well 11, 2022.

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