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Showing posts with label patrick drahi. Show all posts
Showing posts with label patrick drahi. Show all posts

Friday, August 1, 2014

Patrick Drahi buys Tel Aviv site for NIS 130m

Billionaire Patrick Drahi, who controls HOT Telecommunication Systems Ltd. and i24news in Israel as well as Numéricable and SFR in France, and who was recently ranked the wealthiest man in Israel by Forbes magazine, with a fortune worth some NIS 10 billion, has decided, like many others, to invest his capital in real estate.

Indeed, he just bought the "Rav Kook" site in Tel Aviv's Neve Tzedek neighborhood for NIS 130 million, not including VAT. The site lies between Hamered, Eliezer Rokach and Ein Yaakov streets. There are several historic buildings on it with strict preservation orders, a few buildings marked for demolition, and some empty lots. Among the buildings designated for preservation is the Rabbi Kook Synagogue, built in 1904, and the study hall of Rabbi Abraham Isaac Kook, who was the first Ashkenazi chief rabbi of Palestine under the British mandate. The site was owned by Yeshuati, a company controlled by US businessman Yaniv Zaguri.