Does Jerusalem still attract investors? Yes, if we believe the latest acquisition by a Swiss Jew whose name has remained secret.
The fortunate owner has invested the tidy sum of 17.7 million shekels for a 212 m² apartment located in the 'German Colony' (Moshava Ha' Germanit), one of the most sought-after neighborhoods in the capital.
This apartment is part of a luxury hotel complex developed by the Isrotel chain that will span 5.6 hectares. The site is located on Emek Refaim Street, famous for its chic and relaxed atmosphere. It's Israeli architect Joel Feigin who designed the plans for this project which should be completed by the end of 2016.
The two buildings, dating from the Middle Ages, will be divided into 250 rooms and will be renovated according to the instructions of the Antiquities Authority. The hotel complex will include two other four-story buildings divided into 11 apartments that will be intended for sale. The property acquired by the wealthy Swiss is part of the latter.
According to Isrotel's director, Lior Raviv, this apartment, which occupies the top floor, is not the most expensive. Two other apartments, enhanced with an interior garden whose price should exceed the "current record", would still be available. Consider yourselves notified!
