February 7, 2023

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Jerusalem Gateway mushy received with NIS 120m bid

The mushy for the 3 a lot on the town’s western front has been received via a consortium of JTLV Fund, BSR, and Yehuda Rahamim Development Co.


The Israel Land Management (ILA) mushy for 3 a lot within the Jerusalem Gateway venture, the deliberate industry, industrial and home district on the western front to town, has been received via a consortium of JTLV Fund, BSR, and Yehuda Rahamim Development Co. The 3 a lot quilt 10.3 dunams (2.575 acres) reverse the Binyanei Ha’Uma World Conference Heart close to the Meytarim Bridge.

The consortium’s profitable bid was once NIS 120 million, above the minimal value of for the bid of NIS 113.5 million. The consortium has additionally dedicated to speculate NIS 53.2 million for construction prices.

The Jerusalem Gateway venture will come with places of work, shops, resorts, flats and cultural, recreational and leisure amenities. One among Israel’s maximum vital nationwide initiatives, the plan requires the introduction of a bustling city setting, stressing high quality of existence, with an emphasis on public shipping lanes, pedestrian spaces and bicycle paths.

The 3 a lot will come with development of 2 40-floor towers and one eight-floor tower.

Printed via Globes, Israel industry information – en.globes.co.il – on November 23, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.



Jerusalem gateway project credit: Eden, Municipal Economic Development Co.

Jerusalem gateway venture credit score: Eden, Municipal Financial Construction Co.