ROTHSCHILD, TEL AV

Acquired: 2011
 
A 900 sqm building, with additional building rights, located on Rothschild Boulevard on the corner of Nahalat Binyamin Street. Formerly a business branch of Mercantile Discount Bank, it stood empty until it was acquired by Reality Fund.

Zoning designation at acquisition: Employment.

Betterment measures: Reality Fund worked to convert the property’s designation tohotel use, while adding rights under NMP 38, and the option of also making commercial use of the basement floor.

Upon acquisition of the property, Reality Fund renovated the building and it is now being used for commercial and employment purposes.