The Shponder brothers are also negotiating to buy a lot zoned for assisted living facilities in Ra’anana.
Brothers Yehoshua and David Shponder are in advanced negotiations to buy a 42-dunam (10.5-acre) lot, zoned for assisted living facilities, in Caesarea from private parties. If the deal goes through, the Shponder brothers will pay $8 million, making the deal one of biggest recent transactions for the area. The lot is zoned for construction of 35,000 sq.m. of space, including accompanying space.
At the same time, the Sponder brothers are also negotiating to buy a 40-dunam (ten-acre) lot, also zoned for assisted living facilities, in Ra’anana from private parties. The price was not disclosed. Together with the Avraham Rinot group, the Shponder brothers own an assisted living facilities house with 277 apartments in Bnei Dror.
”Globes” reported that the Shponder brothers recently bought 35 dunam (8.75 acres) on the site of the Shoresh Hotel in the Jerusalem hills for $4.3 million. The Shponder brothers plan to build another assisted living facilities home on the premises.
Published by Globes [online] - www.globes.co.il - on September 5, 2004