ROTHSCHILD BLVD TEL AVIV

ROTHSCHILD BLVD TEL AVIV

Project Description

ROTHSCHILD
BOULEVARD

TEL AVIV

2010

Acquisition date

A unique property on Rothschild Boulevard, formerly a
business branch of Mercantile Discount Bank, with
an area of 600 sqm, the site includes a
900 sqm building and additional
building rights.

Date of Acquisition – 2010

2010

Betterment Activities

Property designation conversion to a hotel in a short process through the local zoning committee. The power of TAMA 38 (National Planning Guidelines for Seismic Strengthening) was used to add building rights for another floor, as well as an option for commercial use of the basement floor.

Interim Uses

The fund rented the property

Current
status

The plan has been approved.

Date of Sale: 2014