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The EAST & TLV project received a building permit after selling apartments for NIS 643 million

The companies that are establishing the EAST & TLV project - the Sofrin Group, the Weiss GF Real Estate Group, the Blue Square and Bolthap Group recently announced that Tidhar will carry out the project, which is expected to be completed in the second half of 2024. The project, which is estimated at NIS 1.4 billion, will include 348 units. D alongside commercial areas

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• Real Estate

• Construction in beginnings

• The blue square

• Bolthaup

• Nahalat Yitzchak

• Tel Aviv Jaffa

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Tuesday, 30 November 2021, 13:48 Updated: 14:10

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The EAST & TLV project, one of the main residential projects in East Tel Aviv, which has two 40- and 33-story towers, received a building permit this week. Already at this stage, 189 housing units worth NIS 643 million were sold.

The companies that are building the project - the Sofrin Group, the Weiss GF Real Estate Group, the Blue Square and Bolthap - recently announced that Tidhar will carry out the project, which is expected to be completed in the second half of 2024.

The EAST & TLV

project, which is

estimated to cost NIS 1.4 billion Of residential, employment and trade in the amount of about 95,000 square meters built, which extends over 6.5 dunams in the eastern past of Ayalon routes.

The complex will include two towers that will rise to a height of 40 and 33 floors. The northern tower will include 348 units in a diverse apartment mix, the southern tower will include 25 employment floors and above them 8 floors of residences that will include only 42 units. In both towers, the ground level will be used as a commercial floor above underground parking and operating basements.

Recently, the companies reported that so far they have sold 189 apartments in the project worth NIS 643 million after VAT. The

project has 141 apartments left for marketing, starting at NIS 2.9 million for a 2-room apartment.

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east & tlv by Sofrin Weiss Blue Square and Bolthap Investments (Photo: viewpoint)

"The Nahalat Yitzhak area will become a sought-after urban area"

Zahi Suffrin, the controlling shareholder and deputy chairman of the group Suffrin, says: "My Nahalat Yitzhak is in its infancy in terms of development and construction of new projects and will in the coming years Region Urban attractive and sought nothing will be reflected in the price level has begun to rise recently in the area of East Jerusalem."

" The increase in prices is also affected by the increase in purchases for investors and the expectation of the light rail to start operating even before the project is populated and in the future also the metro stations that will be nearby.

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