The company sold 155 apartments in its project on the old Assuta Hospital compound.
The Ha'Ir Hahadasha (New City) Group, owned by Dror Halevy and Raviv Zoller, today announced that it has sold 103 of the 155 apartments in the old Assuta Hospital compound in north Tel Aviv project to a buyers group that it has organized. The company said that sales totaled NIS 500 million in the first week of marketing.
The 8.5-dunam (two-acre) lot on Jabotinsky Street will include two 26-storey high-rises and two historic three-storey Bauhaus style buildings slated for preservation that have been converted to residences.
New City said that most of the buyers are Israelis, who bought the apartments as residences, not as investments. One businessman bought three apartments, which will be consolidated into a single apartment with a net space of 386 square meters on the 23rd floor of one high-rise. He paid NIS 14.6 million. New City's asking prices range from NIS 2.2 million to NIS 8.5 million per apartment.
Published by Globes [online], Israel business news - www.globes-online.com - on January 18, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010
Ariel Rosenberg and Avi Shauly