A forty fourth ground penthouse in one of many two towers in businessman Yitzhak Tshuva’s Park Bavli challenge in Tel Aviv was bought just lately for NIS 43 million. The identification of the client has not been disclosed however market sources say it’s an Israeli businessperson.
The 360 sq. meter penthouse covers half of the ground and likewise has a 145 sq. meter balcony. The acquisition worth displays a worth of NIS 100,000 per sq. meter. The Madlan web site, the worth per sq. meter within the Bavli neighborhood of Tel Aviv paid in current offers, was on common NIS 59,400 per sq. meter.
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The penthouse was designed by the architect Gal Naor. The opposite penthouse on the forty fourth ground subsequent to the one simply bought stays to be bought in addition to different residences within the challenge. The 2 towers within the Park Bavli challenge have been constructed by Tshuva’s Plaza Group. All the challenge has 300 residences within the two 44-floor towers. The 2 towers are on the middle of a brand new neighborhood with six towers and 1,100 residences.
One of many towers was the topic of a dispute over a few years between the builders and Tel Aviv Municipality over demolition work that the municipality demanded be carried out. In March 2019, the events reached agreements and building of the tower started, which is at the moment within the occupancy stage. The penthouse that was bought is within the first tower constructed. Tshuva himself bought a 700 sq. meter duplex residence within the challenge in 2019.
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 12, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
