Published On: Thu, Jun 19th, 2014

Teddy Sagi buys triplex and two penthouses in Tel Aviv

The purchases include a triplex in Park Hatzemeret’s W Tower for NIS 19 million (about $5.5 million).

Teddy Sagi

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.

 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.

 

Zaki Rakib in Herzliya Pituah

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.

Akirov Towers (2)

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.

W Tower Tel Aviv

Published by Globes [online], Israel business news – www.globes-online.com 

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