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Meier on Rothschild tower Simulation photo: Studio 34, Design3
Meier on Rothschild tower Simulation photo: Studio 34, Design3
 
 

TA penthouse offered for NIS 170M

Berggruen Group asking for record price for two-floor, 1,500-square-meter apartment on Tel Aviv's Rothschild Boulevard. Baron Edmond de Rothschild's great grandson among future neighbors

Tani Goldstein
Published: 07.14.11, 14:24 / Israel Business

Have NIS 170 million ($50 million) to spare? This is the price the Berggruen Group is asking for a penthouse on Tel Aviv's Rothschild Boulevard. According to the company, this is the highest price ever charged for a home in the State of Israel.

 

The penthouse is located on the 36th and 37th floors of the Meier on Rothschild tower the company is building on the prestigious street. Construction is expected to be completed in two years.

 

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Some of the building's "regular" apartments have already been sold. One of the buyers was Nat Rothschild, the great grandson of Baron Edmond de Rothschild, who the street is named after.

 

Rothschild paid some NIS 60 million ($17.5 million) for an apartment in the building about a year and a half ago. Another apartment was sold recently for NIS 19 million ($5.6 million).

 

The penthouse at the top of the tower stretches over 1,500 square meters (16,145 square feet), in addition to two 150-square meter (1,615-square feet) balconies. At the current price, the apartment is worth more than NIS 100,000 ($29,500) per square meter.

 

The apartment includes a 7-meter (23-feet) high living room, an internal elevator, a Jacuzzi, four parking spots in the underground parking area, four storerooms and private cells in the wine cellar.

 

This urban castle was designed by architect Richard Meier and will enjoy a 360-degree panoramic view, 24/7 security services, a semi-Olympic sized pool, a spa, a Jacuzzi, a sauna and a gym.

 

The highest price ever paid for a home in Israel was recorded earlier this year, when businessman Teddy Sagi bought a villa in Herzliya Pituach for NIS 140 million ($41 million). Sagi broke the record set last year by Eyal Ofer, the son of late business tycoon Sammy Ofer, who bought a penthouse on Tel Aviv's promenade from the family construction company for NIS 115 million ($34 million).

 

The most expensive house in the world, according to Business Insider magazine, was sold in June near London's Hyde Park for $220 million.

 

 

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