Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Nakash Brothers negotiating for Migdalot Tower in Tel Aviv


By Yehudit Haspel Ben-Dak /

The Nakash Brothers are continuing to bolster their real estate empire. The brothers are in the midst of advanced negotiations with Ashdar to purchase the Migdalot Tower on Hayarkon Street in Tel Aviv – one of the most prominent buildings in the area – for between NIS 120 and 140 million.

The Migdalot Tower was built in 1977 at a cost of about $3 mllion. The plan calls for the sale of some of the apartments by Canada Israel Real Estate, while the hotel section will be administered by the Nakash family itself.

The 108 meter, tubular-shaped tower boasts a ‘peeling’ top, curved sun terraces and a roof-top outside swimming pool – the highest in the land. The street level fronts the intersection of Ben Yehuda and Hayarkon streets with shops and a shopping gallery.

Negotiations to purchase the tower are part of an acquisitions strategy administered by the Nakash brothers ever since they launched their global real estate operations. Besides properties in New York and Miami, they recently won the rights to build the huge Apple Center in Santa Monica – the largest on the West Coast.

Nakash Brothers: $2 Billion Empaire

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



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...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


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...


Now Platika joins and elite club of $10 billion plus Israeli firms.

cialis cialis satış