Penthouse in Tel Aviv Sells for $15 Million to American Buyer
Translated & summarized from Calcalist by baba
Haggag Group has sold a penthouse in its Tel Aviv Infinity project for NIS 55.6 million to an American Jewish buyer. The duplex apartment covers the 51st and 52nd floors and includes extensive balcony space. The project, located in the Sumail complex, is expected to be occupied in early 2027. The developer took over the project in 2021 after an initial purchasing group model.
The story in 5 lines · by baba
- A penthouse in Tel Aviv's Infinity project sold for NIS 55.6 million.
- The buyer is an American Jewish individual, according to Haggag Group.
- The duplex apartment spans the 51st and 52nd floors with 293 sqm interior and 158 sqm balconies.
- The Infinity project is located in the Sumail complex and is expected to be occupied in Q1 2027.
- Haggag Group took over the project's construction in 2021 after an initial purchasing group model.
Haggag Group announced Sunday the sale of a penthouse in its Infinity project in Tel Aviv for NIS 55.6 million (approximately $15 million). The duplex apartment spans the 51st and 52nd floors of the tower, offering 293 square meters of interior space and 158 square meters of balconies. According to the company, the buyer is an American Jew. The sale price does not include finishing work, which will be completed by the buyer. The Infinity Tower is located in the Sumail complex at the intersection of Ibn Gabirol and Jabotinsky streets in Tel Aviv. The project, designed by architect Moshe Tzur and built by Electra, includes 278 apartments in the tower and an additional building. Occupancy is expected in the first quarter of 2027. Land purchase agreements for the site were signed in 2013 for approximately NIS 187.5 million before VAT and excluding various fees. Initially, Haggag marketed the project as a "purchasing group" where members bought land rights for joint construction. In 2021, the model changed, with Haggag taking responsibility for completing construction for group members at a price indexed to construction input costs, while also selling the remaining apartments as the developer.
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