3 protected Downtown Jerusalem buildings sold for NIS 87m
A few structures slated for preservation in Downtown Jerusalem were just lately offered to Jerusalem developer Nahum Rosenberger and businesses below the control of the Osher Ad proprietors, for NIS 87 million. The buildings, purchased from Hadas Cash, are in Mevo Hamatmid Road off Hillel Road around the Pazgas compound guiding King George Street, 1 of Jerusalem’s most sought right after areas,

Zionist Revisionist chief Ze’ev Jabotinsky the moment lived in one particular of the three buildings, which whole 1,200 sq. meters. Hadas Money purchased the buildings two several years back from Shlomo Eliahu, the managing shareholder in the Migdal Insurance policies corporation.




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The high rate compensated for the 3 structures reflects not only the truth that they are situated in a high-desire area surrounded by prestigious large-increase household initiatives like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at present less than design, but also simply because Rosenberger himself is acquiring a 30-ground tower between 31-35 King George Street, the former workplaces of Pazgas, which has been approved by the Jerusalem District Setting up and Constructing Fee. The new tower will have 250 flats for lease, workplaces and commercial area.

Rosenberger and his companions are striving to broaden the prepare to consist of the whole strip of encompassing structures on King George Road amongst Hillel and Shaham Road but this is a advanced endeavor owing to the big range of assets entrepreneurs concerned, whilst the authorities are eager for this kind of a strategy to go forward.

Printed by Globes, Israel small business news – en.globes.co.il – on May perhaps 11, 2022.

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