Date of Acquisition – 2009
The Fund promoted a plan for changing the designation to circa 700 residential units, in addition to retail and employment areas, building preservation and development of public spaces, including a primary school
The Fund planned a master program for all owners of rights in the area, reaching a capitalized lease agreement with Israel Land Authority for the compound, as well as an agreement with Israel Post
The fund rented the property, and hosted the “Fresh Paint” art fair during the maintenance period.
The new zoning plan has been approved and the plan is in the permits and marketing stage (as “BLOOM”).
Date of Sale: 2011