3 structures slated for preservation in Downtown Jerusalem have been a short while ago marketed to Jerusalem developer Nahum Rosenberger and providers below the regulate of the Osher Ad entrepreneurs, for NIS 87 million. The structures, acquired from Hadas Cash, are in Mevo Hamatmid Road off Hillel Street close to the Pazgas compound behind King George Road, a single of Jerusalem’s most sought following parts,

Zionist Revisionist chief Ze’ev Jabotinsky after lived in a person of the three structures, which overall 1,200 square meters. Hadas Cash purchased the structures two decades in the past from Shlomo Eliahu, the controlling shareholder in the Migdal Insurance company.




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The higher selling price compensated for the a few properties reflects not only the simple fact that they are located in a superior-desire spot surrounded by prestigious high-increase household jobs like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at this time beneath construction, but also simply because Rosenberger himself is acquiring a 30-ground tower in between 31-35 King George Street, the former offices of Pazgas, which has been authorised by the Jerusalem District Scheduling and Building Fee. The new tower will have 250 apartments for rent, workplaces and professional space.

Rosenberger and his associates are attempting to develop the approach to include things like the total strip of surrounding properties on King George Street amongst Hillel and Shaham Street but this is a sophisticated endeavor thanks to the massive range of home homeowners included, although the authorities are eager for this kind of a program to transfer forward.

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

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