Two adjoining penthouse flats, every 470 sq. meters in dimension, on the Twenty sixth-Twenty eighth flooring of the David Promenade Residences on Herbert Samuel Road on Tel Aviv seafront, are up on the market for NIS 160 million every. The house high-rise constructing is a part of the Kempinski challenge, which incorporates one lodge tower and one residential tower.
Neot Shiran actual property dealer Samuel Van Kote, wqho is advertising and marketing the challenge, stated that the 2 penthouses are in shell kind with out inside design and might be purchased and joined collectively. If the 2 flats are bought by one purchaser, it will likely be one of many greatest offers ever in Israeli actual property.
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Promoting flats of this caliber has all the time required endurance, and at a time when the market is stagnant, and the posh and mega-luxury markets are additionally affected by this, it could take even longer.
Even individually, these are among the many most costly properties in Tel Aviv. “These are properties of 470 sq. meters every and balconies with a complete space of 156 sq. meters. The ceiling is six meters excessive, and every of the flats has the choice of an infinity pool on the roof and an inner elevator inside the property.”
Final 12 months a penthouse within the Sea One challenge on Herbert Samuel Road was bought for about NIS 120 million, and about three years in the past the triplex house within the Shalom Tower was bought for NIS 145 million.
The penthouses within the David Promenade Residences challenge will not be the one luxurious seafront flats on the market within the metropolis. This week, Orc Land introduced that it has begun advertising and marketing the Meeting Tel Aviv challenge on Hayarkon Road, and that it promoting the 600 sq. meter penthouse for NIS 110 million. Aviv Group has obtained a constructing allow and is advertising and marketing flats within the Herbert Samuel SIX-8 challenge, however declined to say how a lot the penthouse within the challenge will price.
The David Promenade Residences challenge was designed by the Feigin Architects. Van Kote says, “Our essential efforts are in direction of Israelis and overseas residents who’re already right here in Israel, that means individuals who have already got a connection to the nation and are extremely motivated to discover a property or improve their portfolio.
“The foreign money state of affairs additionally has an impression, and there are offers which have risen and fallen as a result of adjustments within the worth of the greenback and the euro. For an American shopper, it is about $40-50 million. Right here in Israel, they’ll purchase one of many particular properties for that quantity, whereas in New York it is simply an house, lovely and good however not distinctive,”
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 5, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
