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Peres. Preparing for retirement?
Photo: Gil Yohanan
Migdalei Ne'eman housing project in north Tel Aviv

Peres to buy luxury apartment in TA

President about to purchase 150-square meter, sea view flat in Migdalei Ne'eman housing project for some NIS 5 million

President's new residence: President Shimon Peres is about to purchase a sea view apartment in Tel Aviv's luxury Migdalei Ne'eman housing project, just a few minutes' walk from the beach connecting Tel Aviv and Herzliya.

 

Yedioth Ahronoth has learned that the deal will be signed in early July, but that all its details have already been finalized between the president's son, Chemi Peres, and the contractor.

 

The apartment Peres is planning to buy will measure 150 square meters (1,615 square feet) in size and has a view of the sea. According to estimates, it will be ready in about a year.

 

It's unclear how much Peres will pay for the apartment, but a similar-sized new apartment in one of the project's luxury towers costs about NIS 5 million (roughly $1.5 million).

 

Meanwhile, the 87-year-old president is planning to sell his apartment on 12 Oppenheimer Street in Tel Aviv, following the death of his wife Sonya. He plans to stay in his private apartment on the weekends, in order to be close to his grandchildren.

 

These days, the president is marking four years in office. He currently lives on his own at the official Jerusalem residence.

 

Migdalei Ne'eman is a luxurious housing complex with full 24-hour security, a private access road, a synagogue, a swimming pool, a spa and a gym.

 

The apartments face a splendid view, and each tenant may plan his flat according to his personal taste. Other famous tenants include former Minister Yitzhak Mordechai, five El Al captains and former Mossad Director Meir Dagan, who lived in the project up to a month ago.

 

The President's Residence refused to comment on the issue, stating that "we respect the president's right to privacy when it comes to his personal life."

 

Ofer Petersburg contributed to this report

 

 


פרסום ראשון: 07.08.11, 14:52
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