Thursday, July 15, 2010
Meier on Rothschild continues to rise higher...
The price was NIS 7.5 million ($1.95m), or NIS 52,000 per square meter. Prices in the project range from NIS 40,000 ($10,000) to NIS 80,000 ($20,000) per square meter.
The latest purchaser from overseas joins Nathaniel "Nat" Rothschild, who has bought a 500-square meter triplex in the building for over NIS 60 million ($15.5m).
Berggruen Residential Ltd. said that half the space in the Meier on Rothschild building had been sold.
Last month, the Tel Aviv Local Planning and Building Commission allowed Berggruen Residential, owned by Nicolas Berggruen and his partner Hagag Cohen Investments, to increase the height of the 27-storey building to 37 storeys. In practice, the building will have 32 residential floors topping the 13-meter high lobby.