Full coverage· Economy· Updated
Israel Opens First Seaside Resort for Seniors With High Entry Fees
Israel's first seaside residential resort for seniors, SEA ONE in Rishon LeZion, opened on November 1. The project requires a 2.5 million shekel deposit and monthly fees from 10,000 shekels. Investments total around 1 billion shekels, funded by banks and bond issuance.
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What happened
- 01Israel's first seaside senior resort, SEA ONE in Rishon LeZion, opened November 1.
- 02Entry requires a 2.5 million shekel deposit and monthly fees starting at 10,000 shekels.
- 03The project's total investment is estimated at 1 billion shekels.
- 04Banks Leumi and Mizrahi-Tefahot provided funding for the resort.
- 05The Oranim Group raised an additional 600 million shekels through bond issuance.
- 06The eight-story resort includes amenities like pools, a spa, and a gym.
The first 50 apartments have been occupied in the eight-story facility.
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