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A few structures slated for preservation in Downtown Jerusalem had been not too long ago sold to Jerusalem developer Nahum Rosenberger and firms below the handle of the Osher Advert house owners, for NIS 87 million. The structures, acquired from Hadas Cash, are in Mevo Hamatmid Road off Hillel Road near the Pazgas compound at the rear of King George Street, a person of Jerusalem’s most sought after areas,

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Zionist Revisionist chief Ze’ev Jabotinsky once lived in one particular of the 3 structures, which complete 1,200 square meters. Hadas Funds acquired the structures two years in the past from Shlomo Eliahu, the controlling shareholder in the Migdal Coverage corporation.

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The substantial rate compensated for the a few structures demonstrates not only the reality that they are situated in a large-desire location surrounded by prestigious high-increase household projects like Jerusalem Towers and Jerusalem of Gold and Hadas Capital’s Spirit of Jerusalem, which is at this time under development, but also for the reason that Rosenberger himself is producing a 30-ground tower involving 31-35 King George Street, the former places of work of Pazgas, which has been approved by the Jerusalem District Setting up and Constructing Fee. The new tower will have 250 apartments for lease, places of work and professional room.

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Rosenberger and his partners are making an attempt to develop the prepare to include the entire strip of surrounding buildings on King George Avenue concerning Hillel and Shaham Avenue but this is a sophisticated endeavor owing to the big range of property house owners included, while the authorities are eager for these a approach to transfer forward.

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

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

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