Capital Gold buys Jerusalem site for NIS 123 million for flagship project

Capital Gold, a leading Jerusalem real estate company, announced the purchase of the Mifgash HaEsh complex at 23 Jeremiah Street in Jerusalem for about NIS 123 million. The site covers roughly 2 dunams and is described as one of the capital's most sought-after and strategic locations, in the heart of the Romema neighborhood.

According to the company's plans, the land will be developed into an upscale flagship project combining high-end housing with advanced architectural design and a distinctive commercial floor aimed at creating a refined shopping experience and adding value to the area.

The deal adds to Capital Gold's extensive portfolio. The company says it has been active in real estate for about 20 years, has more than 50 projects to its name, and has planned and built thousands of housing units across Jerusalem.

Real estate broker Simcha Yeret handled the transaction and brought the sides to completion, while attorney Uri Lambrozo represented the buyer on the legal side. Company owners Israel Mordechai Bornstein and Avraham Gotsman said the location is a rare strategic asset in central Jerusalem and that the purchase fits Capital Gold's strategy of finding the best land reserves and developing projects of uncompromising quality. They added that the mixed residential and commercial development could become a new status symbol in the city.