First step for Claude Nachmias in the real estate market in Tel Aviv

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The Ashdod developer will purchase 3.7 dunams in the Sde Dov complex for NIS 654 million, thus making its first foray into the Tel Aviv precision market. According to the tender, Nachmias offered the Israel Land Authority an amount of NIS 2.825 million per apartment

Real estate developer Claude Nachmias from Ashdod won a Rami tender for the purchase of 3.7 dunams of land in the Sde Dov complex, between SY Agnon and Levi Eshkol streets – as published by Golan Hazani, Calcalist correspondent. According to the tender, Nachmias offered a price of 654 for the land NIS 1 million, which embodies NIS 2.825 million per apartment.

The plot is located on land of 5.2 dunams, with building rights for 337 housing units, but Rami held 72% of it, ie 3.7 dunams, with building rights for 241 housing units. The rest of the land is held by a number of parties Private.

This is the first time that Nachmias has entered the prestigious housing market in Tel Aviv. To date, the company has owned projects in Ashdod, Rehovot, Rishon Lezion, Modi’in and Petah Tikva. In Tel Aviv, she built projects on Mahal Street. The company he owns was established in 1994.

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