Luxury Senior Living Resort Opens in Israel With NIS 1 Billion Investment
Translated & summarized from Ice by baba
Oranim Group has opened its new luxury senior living resort, SEA ONE, in Israel, with an investment of approximately NIS 1 billion. The facility offers high-end amenities and direct sea views, with monthly costs starting at NIS 10,000 plus a significant deposit. This opening reflects a broader trend of increased investment and development in the senior housing market across Israel.
The story in 5 lines · by baba
- Oranim Group opened the luxury SEA ONE senior living resort in Israel with a NIS 1 billion investment.
- Monthly costs at SEA ONE start at NIS 10,000, plus a deposit of NIS 2.5 million.
- The resort features amenities like pools, a spa, gym, and direct access to the Sayetet 13 Promenade.
- SEA ONE was financed by Bank Leumi and Mizrahi Tefahot, with NIS 600 million raised via bonds.
- The opening aligns with a national trend of expanding high-end senior housing projects.
A new luxury senior living resort, SEA ONE, has officially opened in Israel, developed by Oranim Group. The project, described as a "living resort," represents an investment of approximately NIS 1 billion and was financed by Bank Leumi and Mizrahi Tefahot. The group raised NIS 600 million through a bond offering on the stock exchange, led by Leumi Underwriters, with an inflation-linked interest rate of 4% annually.
Residents have already begun moving into the eight-story facility, with about 50 of the initial apartments occupied. SEA ONE offers extensive amenities, including two swimming pools, a spa, a gym, yoga and Pilates studios, co-working spaces, and meeting rooms. The building's floors are adorned with modern art.
The cost of living at the resort starts with a monthly fee of NIS 10,000, plus an initial deposit of NIS 2.5 million or more. This deposit is fully refundable, adjusted for inflation, at the end of the residency. All activities within the resort are included in this cost.
Located with direct views of the Mediterranean Sea, residents also have access to the "Sayetet 13 Promenade," featuring walking paths, green spaces, and various dining options, including a branch of the ice cream chain "Golda."
The opening of SEA ONE comes amid a growing trend of high-end senior housing projects across Israel. Recent developments include Aura Group's acquisition of the 'Bayit BeKfar' chain for NIS 1.7 billion, Mediterranean Towers' opening of the SPIRIT project in Or Yehuda with 460 units, and 'Ad 120' network's launch of a complex in Modi'in. Azmut Rubinstein is also advancing projects in Givatayim and Holon, indicating an expansion of offerings and a rise in standards for assisted living in central Israel.