Mellanox's Eyal Waldman buys Tel Aviv apt for NIS 19m

The 395-square meter apartment with a 25-square meter balcony is on the 31st floor of the Meier on Rothschild tower.

Sources inform ''Globes'' that Mellanox Technologies Ltd. (Nasdaq:MLNX; TASE:MLNX) chairman and CEO Eyal Waldman is the buyer of the apartment in Tel Aviv's Meier on Rothschild tower for NIS 19 million, the sale of which was announced by the developers today.

The 395-square meter apartment with a 25-square meter balcony is on the 31st floor of the building. Waldman's aides say that he bought the apartment in shell condition. The apartment faces west and occupies half the floor.

The Meier on Rothschild tower, designed by architect Richard Meier, at the corner of Rothschild Boulevard and Allenby Street is still under construction. The 37-storey building will have 121 apartments, whose prices range from NIS 5 million to NIS 170 million. It is owned by Berggruen Residential Ltd. (TASE:BRGN.B1), owned by Nicholas Berggruen, and Hagag Group Real Estate Development Ltd. (TASE: HGG), controlled by Ido and Tzachi Hagag and the Cohen brothers.

Berggruen Residential said in response, "We do not disclose the identity of our customers, which is why we cannot deny or confirm the report."

Waldman has already done business with the Hagag Group. He previously bought a complete floor in the company's Haarbaa office building project in Tel Aviv.

In another luxury project in south Tel Aviv's American Colony - The Village, being built by The Darinel Group - two apartments were sold for NIS 11.3 million: a 140-square meter duplex penthouse for NIS 5.2 million, and a 178-square meter triplex with a 121-square meter garden for NIS 6.1 million.

Published by Globes [online], Israel business news - www.globes-online.com - on April 5, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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