www.bethelfinance.com
Foreign residents have bought two apartments in the Meier on Rothschild tower, being built by Berggruen Residential Ltd. (TASE:BRGN.B1) and Hagag Group Real Estate Development Ltd. (TASE: HGG), for NIS 22 million altogether.
One buyer bought two joined apartments to create a 320-square meter five-room apartment on the 19th floor for NIS 14 million. The second buyer bought a 196-square meter three-room apartment on the 15th floor for NIS 8 million. The price of the first apartment reflected a price of NIS 43,700 per square meter; the second apartment cost NIS 41,000 per square meter.
Berggruen Residential CEO Yigal Tzemach said that prices in the building were rising, reflecting progress in construction.
World renowned architect Richard Meier designed the Meier on Rothschild tower, located at the corner of Rothschild Boulevard and Allenby Street in Tel Aviv. The project includes a half-sized Olympic pool, spa, wine cellar, and concierge and guard services.
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