Sella Money is getting 6 flooring of workplaces and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv, as effectively as 80% of a Holon business middle.


Israeli serious estate expenditure have confidence in (REIT) enterprise Sella Funds (TASE: SLARL) continues to develop and has purchased place of work and business place in central Israel for NIS 431 million in addition VAT. A source close to the offer has advised “Globes” that the seller is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in actual estate, infrastructures, know-how, communications and media which include Rothshtein Design and Assets (TASE: ROTS) and the Channel 14 industrial Tv set station.

Sella Capital, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to buy six floors of workplaces and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv as nicely as 80% of a industrial heart in Holon.

For the office room and parking in Tel Aviv, Sella Funds is spending NIS 295 million and for the professional heart in Holon NIS 136 million. The 6 floors in the North Ha’arba’ah Tower at 28 Ha’arba’ah Road are the 30th-35th floors with workplace area covering 6,923 square meters, which are totally leased to two tenants – a tech business and money industry business, which have solutions to extend their leases by 5-10 years for more hire of 3%-10%.

Sella Money claimed that the 6 business floors produce once-a-year internet operating earnings (NOI) of NIs 16.8 million and that the once-a-year returns are 5.7% with about 10% once-a-year returns on funds.

Printed by Globes, Israel company information – en.globes.co.il – on July 17 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Gadi Elikam Credit rating: Avishay Finkelstein
