Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Dead Sea to get first shopping and recreation center

By Cellia Shani

Dead Sea to get first shopping and recreation center

Dead Sea

Bercleys Management UK Ltd., the London-based real-estate company owned by a group of Jewish businessmen, will build the first shopping and recreation center on the Israeli shores of the Dead Sea.

The NIS 200 million entertainment and shopping complex to be named “Dead Sea Mall” will be a single-story structure stretching over 10, 000 square meters along the water’s edge in the Ein Bokek hotel area. The center will include dozens of shops, cafés, a museum, and visitors center – all of which will be open on the Sabbath. Space will rent for NIS 700 to NIS 900 per square meter.

The mall will be designed by Moore Yaski Sivan Architechts of Tel Aviv, which has been involved in some of the country’s most high-profile skyscraper projects such as the AzrieliCenter. It is expected to open in 2015.

The Tourism Ministry has announced plans to rehabilitate the Dead Sea area, one Israel’s most popular tourist attractions. That plan may help accelerate a project to harvest salt to solve a flooding problem that threatened the hotel region. Dead Sea Works is expected to publish tenders for some aspects of the harvest in the next few weeks, with actual salt harvesting seen beginning at the end of 2015.

Bercleys, which develops and improves commercial projects throughout the U.K., purchased the land on which the mall will be built in July 2012 from a partnership established by accountant Yair Rabinovitch. The partnership bought the property from Isaac Tshuva three years ago.

Bercleys also recently initiated construction of two shopping centers near the Eilat promenade.

Dead Sea to get first shopping and recreation center

Dead Sea to get first shopping and recreation center

Click to comment

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement