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


Israeli authentic estate investment belief (REIT) company Sella Cash (TASE: SLARL) carries on to broaden and has purchased place of work and industrial house in central Israel for NIS 431 million in addition VAT. A resource near to the offer has explained to “Globes” that the seller is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in actual estate, infrastructures, technologies, communications and media including Rothshtein Building and Assets (TASE: ROTS) and the Channel 14 industrial Television set station.

Sella Funds, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to buy 6 flooring of places of work and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv as nicely as 80% of a commercial middle in Holon.

For the business room and parking in Tel Aviv, Sella Funds is paying out NIS 295 million and for the professional centre 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 space covering 6,923 sq. meters, which are absolutely leased to two tenants – a tech business and capital current market corporation, which have alternatives to prolong their leases by 5-10 several years for added rent of 3%-10%.

Sella Money said that the six office environment flooring produce once-a-year net functioning cash flow (NOI) of NIs 16.8 million and that the yearly returns are 5.7% with about 10% annual returns on money.

Released by Globes, Israel business news – en.globes.co.il – on July 17 2022.

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



Gadi Elikam Credit history: Avishay Finkelstein