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The purchases include a triplex in Park Hatzemeret’s W Tower for NIS 19 million (about $5.5 million).
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Playtech Cyprus Ltd. (LSE:PTEC) controlling shareholder Teddy Sagi is continuing to buy high-end real estate. Sources inform ”Globes” that he has bought a triplex in the W Tower in Tel Aviv Park Tazemeret for NIS 19 million (about $5.5 million) and two penthouses in the Blue Project under construction near the Country Club for NIS 10 million (about $2.8 million) from Moshe Peterburg.
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The W Tower’s 371-square meter triplex on the 44-46th floors is one of Tel Aviv most prestigious properties. It has a private elevator, indoor swimming pool, and fantastic vista. A year ago, Peterburg asked $12.5 million for the property. Peterburg is a shareholder in Israel Canada ITR) Ltd. (TASE:ISCN), which built the building.
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In March 2014, Sagi bought former Prime Minister Ehud Barak’s apartment in the Akirov Towers in north Tel Aviv for NIS 26.5 million (about $7.5 million), completing his takeover of the building’s 31st floor, after previously buying the apartment that occupies the other half of the floor.
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In late 2010, Sagi bought Israel’s most expensive home – the house of high-tech entrepreneur Zaki Rakib in Herzliya Pituah for about $41.5 million. In 2013, through one of his companies, Sagi bought the top four office floors in a project on Tel Aviv’s Ha’arbaa Street from Hagag Group Real Estate Development Ltd. (TASE: HGG).
Also in March, Sagi bought the Camden Stables Market in London for £400 million.
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Published by Globes [online], Israel business news – www.globes-online.com
