A few properties slated for preservation in Downtown Jerusalem were recently offered to Jerusalem developer Nahum Rosenberger and providers underneath the command of the Osher Ad owners, for NIS 87 million. The properties, purchased from Hadas Cash, are in Mevo Hamatmid Road off Hillel Road in close proximity to the Pazgas compound powering King George Avenue, a person of Jerusalem’s most sought immediately after areas,

Zionist Revisionist leader Ze’ev Jabotinsky at the time lived in 1 of the 3 properties, which complete 1,200 sq. meters. Hadas Money bought the structures two yrs ago from Shlomo Eliahu, the managing shareholder in the Migdal Insurance plan company.




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The superior cost paid for the 3 structures demonstrates not only the simple fact that they are located in a substantial-desire region surrounded by prestigious high-rise residential tasks like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at present beneath development, but also for the reason that Rosenberger himself is establishing a 30-flooring tower involving 31-35 King George Road, the previous offices of Pazgas, which has been authorised by the Jerusalem District Preparing and Developing Commission. The new tower will have 250 residences for rent, workplaces and business area.

Rosenberger and his companions are trying to expand the strategy to contain the complete strip of bordering properties on King George Avenue amongst Hillel and Shaham Avenue but this is a complicated endeavor owing to the significant amount of property homeowners concerned, although the authorities are eager for these a prepare to go in advance.

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

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


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