ERM has advised Nir Weizman on the acquisition of the 12th and 15th floors of the Lighthouse building in Tel Aviv, in the amount of NIS 40,000,000, heading to purchase the entire building. These two floors will be converted from office space to hotel rooms and will be part of the Lighthouse hotel, opened by Brown Hotels recently in the building.
ERM advises Nir Weizman on the acquisition of additional floors of the Lighthouse building
Yoav Zahavi for Calcalist on the expected re-growth of purchasing groups
How will the post-Covid19 recession affect the Israeli real estate market? Yoav Zahavi, Co-Head of ERM’s Real Estate & Urban Renewal practice, reviews for Calcalist the trends that purchasing groups had undergone in recent years, and explains why we are expected to witness a re-growth of this sector in light of the decline in economic activity. for […]