josh007

Berggruen in talks to buy Ha'argaz lot in Tel Aviv


Berggruen Holdings, owned by Jewish American, in negotiations to purchase massive lot for construction of office, high-tech buildings. Sources report talks put on hold due to dispute over price

Ofer Petersburg Published: 09.09.07, 10:38 / Israel Money




Jewish American billionaire Nicholas Berggruen of Berggruen Holdings has his eye on the former Ha'argaz factory compound in Tel Aviv.




Yedioth Ahronoth newspaper reported on Sunday that the businessman, who already holds a number of assets in Israel, plans to purchase the massive lot in central Tel Aviv for the construction of office and high-tech buildings.




According to the report however, sources close to the negotiations said talks were put on hold due to disputes over the price.




Ha'argaz is demanding $50 million for the lot, and has received another offer from Delek Group owner Yitzhak Tshuva.

Berggruen Holdings has recently acquired the historic Nahalat Binyamin neighborhood in Tel Aviv, and begun the construction of a luxury tower in the city.




Nicholas Berggruen, 45, was born to a Jewish family in New York that owns billions of dollars worth of artwork, including Picasso and Matisse pieces, some of which will be used to fund his real estate projects in Israel.

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Livni

thats great news the area is aproved for a 50-60f tower, maybe even more, it can become the new tallest of the city

I doubt he will have to sell any of his art collection but in an interview this weekend he said he may lend some of them to the tel aviv museum which can be great.

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Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.

maayan

הוא אומר שיותר חשוב לו האסטטיקה מאשר הרווחים, זה בדיוק סוג האנשים שתל אביב צריכה שיבנו בה

Eyal

I kinda liked the original Ha'Argaz tower design....
But I'm looking forward to see what will come of this.

Silently Loud

I've read it today also!
thanx josh!

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Tel Aviv:
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