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Gov-Nadlan Rav Kuk has bought the Rav Kuk lot within the Neve Tzedek neighborhood of Tel Aviv from an organization owned by telecom magnate Patrick Drahi for NIS 200 million. The three,300 sq. meter lot has constructing rights for 26 luxurious houses in 5 buildings, a few of which can contain renovating and preserving current buildings, whereas different will probably be fully new buildings.
The lot is within the southwestern nook of Neve Tzedek between Mered, Schmerling, Eliezer Rokeach and Ein Yaakov Streets. The lot contains the Rav Kuk synagogue and his former workshop constructed 120 years in the past and several other dilapidated buildings held up by metal columns to stop them collapsing.
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Drahi purchased the lot seven years in the past for NIS 133 million by way of a international firm Yeshuati Ltd., managed by American Jewish businessman Edmund Shamsi.
Architect Gal Merom had drawn up a plan for an organization that had beforehand had an choice to purchase the lot, which preserved the present buildings. The deliberate 26 houses will embody 6,800 sq. meters and the biggest of the homes will probably be 400 sq. meters in dimension.
Prior to now few years there was a authorized dispute between Drahi and Shamsi, with a compromise lately reached, “Globes” has realized, that has paved the best way for the deal.
These authorized issues mixed with the most important funding required to protect the buildings has meant that the lot has been offered much more cheaply than different such tons can be price in central Tel Aviv.
Gov-Nadlan Rav Kuk is a subsidiary of Gov-Nadlan, owned by businessman Shamar Gov, along with Almogim, who stated {that a} precondition for the deal was the authorized settlement between Drahi and Shamsi.
Printed by Globes, Israel enterprise information – en.globes.co.il – on September 26, 2021
Copyright of Globes Writer Itonut (1983) Ltd. 2021
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