Capital Gold Acquires Prime Jerusalem Site for 123 Million Shekels to Develop Luxury Complex

Capital Gold, a leading real estate company in Jerusalem, has purchased the 'Yermiyahu 23' site, also known as the 'Fire Meeting' complex, for 123 million shekels. The plot covers approximately 2 dunams and is located in the highly sought-after Romema neighborhood, a central area in Jerusalem.

The company plans to develop a flagship luxury project on the site, combining high-standard residential units with advanced architectural design and a unique commercial floor aimed at providing a refined shopping experience. This acquisition enhances Capital Gold's extensive portfolio, which includes over 50 projects and thousands of housing units developed across Jerusalem over the past 20 years.

Abraham Gutsman, the company's owner, described the location as a rare strategic asset in the heart of Jerusalem. He emphasized that the purchase aligns with Capital Gold's strategy to secure the best land reserves and build uncompromising quality projects. Gutsman expressed pride in leading the city's development surge and expects the mixed-use project to become a new status symbol in Jerusalem.