Former Hapoalim chairman sold flat in 1 Rotschild

Shlomo Nehama has sold a 700-square meter apartment covering the entire 16th floor in the 1 Rothschild Boulevard tower in Tel Aviv to a foreign resident for NIS 45 million. The former Bank Hapoalim chairman owns another apartment on half of the building's 15th floor, where he reportedly intends to reside.

According to sources, at least five apartments in the project have been sold in the past three months by owners who had bought them on plan from the developer Habas HZ Investments Ltd in 2008-10. The sellers have made handsome profits.

Most of the other sales were of 300-square meter apartments for NIS 20-27 million, depending on the floor, and whether the apartment was sold in shell or completed condition. The average price is NIS 84,000 per square meter (ie. $24,000).

It is also rumored that Leora Ofer is in talks to sell her apartment in the building. The smallest apartment in the building, 100 square meters, was sold by a British resident to another British resident for NIS 9 million.

Source Globes