Lenny Recanati buys Tel Aviv apartment for NIS 33.5m

Lenny Recanati

Azorim controlling shareholder Hershy Friedman built the project.

Lenny Recanati has purchased an apartment in the Nahardea-Beeri project in Tel Aviv for NIS 33.5 million, sources inform "Globes." The apartment, located on one of the top floors of the the 31-story tower on Nahardea St. in central Tel Aviv, covers 400 sq.m.

Sources also inform "Globes" that the apartment is the result of combining two apartments on the floor. A typical floor in the project has three apartments. Recanati, married to Shira Farber, is part of the third generation of the Recanati family, one of Israel's best-known families, and is among the owners of Recanati Winery. Recanati confirmed the details to "Globes," but declined to comment further on the matter.

The Nahardea-Beeri high-rise is a development project built by a company owned by Canadian Jewish businessman Hershy Friedman, who is also the controlling shareholder in the Azorim Investment, Development and Construction Ltd. (TASE: AZRM) real estate company. The tower, constructed a decade ago, has 60 residential units, for which marketing began in 2006. The tower includes a private swimming pool and a workout room, and is a short walk away from Kikar Hamedina. One of the most expensive apartments in Israel, a penthouse on the top floor of the tower (30th and 31st floors), was purchased by businessman Sami Sagol in July 2011 for NIS 62.4 million.

According to a description of the deal on the Israel Tax Authority website, this apartment covers 600 sq.m. with five parking spaces in the tower parking lot. In addition to Sagol, other well-known businessmen have bought apartments in the tower in recent years, including high-tech businesswoman Dalia Prashker, First International Bank of Israel (TASE: FTIN) controlling shareholder Zadik Bino, Castro Model Ltd. (TASE: CAST) CEO and controlling shareholder Gabi Roter, Ari Steimatzky, Dan Gillerman, Gad Somekh CPA, and Nochi Dankner's children, Omer and Rona Dankner.

Published by Globes [online], Israel business news - www.globes-online.com - on January 14, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

View comments in rows
Update by email about comments talkback
Lenny Recanati
Lenny Recanati
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018