Sella buys real estate from Yitzchak Mirilashvili for NIS 431m
Sella Money is obtaining six flooring of offices and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv, as properly as 80% of a Holon industrial center.


Israeli serious estate expenditure rely on (REIT) enterprise Sella Capital (TASE: SLARL) proceeds to broaden and has acquired business office and business room in central Israel for NIS 431 million additionally VAT. A supply near to the deal has instructed “Globes” that the seller is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in true estate, infrastructures, technologies, communications and media which include Rothshtein Development and Property (TASE: ROTS) and the Channel 14 professional Television station.

Sella Cash, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to obtain 6 floors of workplaces and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv as perfectly as 80% of a professional centre in Holon.

For the place of work space and parking in Tel Aviv, Sella Capital is having to pay NIS 295 million and for the commercial heart in Holon NIS 136 million. The six flooring in the North Ha’arba’ah Tower at 28 Ha’arba’ah Street are the 30th-35th floors with place of work room covering 6,923 sq. meters, which are totally leased to two tenants – a tech company and funds market firm, which have selections to extend their leases by 5-10 many years for more lease of 3%-10%.

Sella Money reported that the 6 place of work floors make yearly internet operating profits (NOI) of NIs 16.8 million and that the annual returns are 5.7% with about 10% once-a-year returns on funds.

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

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



Gadi Elikam Credit history: Avishay Finkelstein