3 protected Downtown Jerusalem buildings sold for NIS 87m
3 structures slated for preservation in Downtown Jerusalem were just lately sold to Jerusalem developer Nahum Rosenberger and companies underneath the management of the Osher Advert entrepreneurs, for NIS 87 million. The buildings, bought from Hadas Cash, are in Mevo Hamatmid Avenue off Hillel Avenue in the vicinity of the Pazgas compound guiding King George Road, 1 of Jerusalem’s most sought following spots,

Zionist Revisionist chief Ze’ev Jabotinsky when lived in one particular of the 3 buildings, which total 1,200 sq. meters. Hadas Capital bought the structures two many years ago from Shlomo Eliahu, the managing shareholder in the Migdal Insurance policy company.




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The high value paid for the three structures demonstrates not only the reality that they are found in a substantial-demand from customers spot surrounded by prestigious superior-rise residential assignments like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is now less than building, but also for the reason that Rosenberger himself is acquiring a 30-flooring tower in between 31-35 King George Road, the former places of work of Pazgas, which has been permitted by the Jerusalem District Planning and Making Fee. The new tower will have 250 apartments for lease, workplaces and commercial house.

Rosenberger and his partners are trying to extend the program to include the total strip of encompassing buildings on King George Avenue between Hillel and Shaham Road but this is a complex endeavor due to the huge amount of residence proprietors concerned, though the authorities are keen for this kind of a program to move in advance.

Published by Globes, Israel enterprise information – en.globes.co.il – on Might 11, 2022.

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