Sella buys real estate from Yitzchak Mirilashvili for NIS 431m
2 min readSella Capital is acquiring six 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 professional middle.


Israeli true estate investment decision trust (REIT) company Sella Funds (TASE: SLARL) proceeds to increase and has purchased office environment and professional room in central Israel for NIS 431 million moreover 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 genuine estate, infrastructures, technological know-how, communications and media which includes Rothshtein Construction and Belongings (TASE: ROTS) and the Channel 14 business Tv set station.

Sella Capital, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to acquire six flooring of workplaces and 90 underground parking spaces in the North Ha’arba’ah Tower in Tel Aviv as properly as 80% of a commercial heart in Holon.

For the office environment house and parking in Tel Aviv, Sella Money is shelling out NIS 295 million and for the industrial middle in Holon NIS 136 million. The six flooring in the North Ha’arba’ah Tower at 28 Ha’arba’ah Road are the 30th-35th floors with place of work place masking 6,923 square meters, which are fully leased to two tenants – a tech firm and cash market organization, which have options to prolong their leases by 5-10 a long time for further hire of 3%-10%.

Sella Money explained that the 6 place of work floors make yearly net working cash flow (NOI) of NIs 16.8 million and that the once-a-year returns are 5.7% with about 10% annual returns on money.

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

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



Gadi Elikam Credit rating: Avishay Finkelstein
