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Ongoing Story· Today

Abu Family Living Buys 50 Apartments in Netanya for $32 Million

2 developments

MaarivEconomy

Massive Real Estate Deal for 50 Apartments Stirs Netanya

Translated & summarized from Maariv by baba

CenterCharged tone

Hebrew · 2 newsrooms covering

A company controlled by Tzachi Abu has acquired 50 apartments in Netanya for NIS 120 million, bringing its total purchases this year to 140 units. The apartments are part of the N Weizmann redevelopment project, which includes three residential towers and commercial space. The deal has generated significant attention in the city.

The story in 5 lines · by baba

  • A company controlled by Tzachi Abu bought 50 apartments in Netanya for NIS 120 million.
  • This acquisition is the company's third major purchase this year, totaling 140 apartments.
  • The apartments are located in the N Weizmann redevelopment project near the city center.
  • The N Weizmann project includes three residential towers with 292 units and commercial space.
  • The deal has caused a stir within the city of Netanya.

A company controlled by Tzachi Abu has purchased 50 apartments in a new project in Netanya for NIS 120 million. This marks the third such acquisition for the company this year, bringing its total purchases to 140 apartments valued at a substantial sum.

The project, named N Weizmann, is a redevelopment initiative in Netanya, a joint venture with the Netanya Renewal Company. It features three residential towers comprising 292 units nearing occupancy, along with approximately 700 square meters of commercial space. The development is situated between Weizmann and Bari streets, near Sokolov Street, offering convenient access to the city center, major transportation routes, and public transport infrastructure, as well as proximity to schools, kindergartens, and parks.

MaarivCentre · Jerusalem

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Full coverage · 2 outlets
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