Monday, July 5, 2010

Eyal Ofer buys Israel's most expensive apartment

Eyal Ofer, the son of Sammy Ofer and the brother of former Israel Corporation chairman Idan Ofer, has bought Israel's most expensive apartment. He paid NIS 115 million ($30 million) for a duplex penthouse in a 20-story seafront building in Tel Aviv owned by his family's firm, Ofer Brothers Properties.

The building is at the corner of Daniel Street and Herbert Samuel Street, opposite Tel Aviv's seafront promenade.

Eyal Ofer broke the record for Israel's most expensive apartment, which was held by Russian oligarch Valery Kogan, who bought a project in the Sea One seafront project down the street in Tel Aviv in 2009 for 110 million ($28 million).

Eyal Ofer handles Ofer Holdings Group's international real estate business. He has been involved in a number of projects in recent years, including the purchase of headquarters of drug company Alteria LLC in 2007, and the construction of residential high-rises in Manhattan.

Eyal Ofer's family resides in London, and he splits his time between London, New York, and Israel, though he spends little time in Israel. He owns a number of homes, including in Herzliya Pituah, New York, and London.

Source Globes

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