Berggruen Residential sold three apartments in its Meier on Rothschild tower last week.
Berggruen Residential Ltd. (TASE:BRGN.B1) reports that it sold three apartments in its Meier on Rothschild luxury high-rise in Tel Aviv for NIS 34 million. The three apartments were sold to foreign residents during a housing fair in Paris.
A 393-square meter apartment with two 12-square meter balconies on the 18th floor was sold for NIS 17 million. A 273-square meter apartment with a 12-square meter balcony on the 18th floor was sold for NIS 11,3 million. A three-room apartment on the second floor was sold for NIS 5.5 million.
Berggruen Residential CEO Yigal Tzemach said, "The apartments sold this week gave an average price of $13,000 per square meter, $2,000 more than the average price per square meter in 2010. I believe that, as construction progresses - it is currently at stage of the underground parking garage - prices will continue to climb. The pace of sales in the building is definitely satisfactory, and more than half of the 121 apartments have been sold."
Published by Globes [online], Israel business news - www.globes-online.com - on April 14, 2011
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