Man Set to Buy Israel's Most Expensive Apartment

Published: July 5th 2010
in Economics » Israel

A luxury condo.

Eyal Ofer, son of Sammy Ofer and the brother of former Israel Corporation (TASE: ILCO) chairman Idan Ofer, is set to by what is currently Israel’s most expensive apartment.


The pad is a penthouse duplex in a 20-storey seafront building in Tel Aviv, and will cost Ofer NIS 115 million. The building is owned by his family’s firm, Ofer Brothers Properties Ltd.


If Ofer does, in fact, go ahead and buy the apartment, he will break the record buying Israel’s most expensive apartment, previously held by Russian oligarch, Valery Kogan, who purchased a unit down the street in April of 2009 for NIS 110 million.


Eyal Ofer manages Ofer Holdings Group's international real estate business. He has been involved in a number of financial projects in recent years, including the purchase of headquarters of drug company Alteria LLC in 2007, and the construction of residential apartment buildings in Manhattan.


Ofer’s family resides in London, and he himself splits his time between Israel, London, and New York, though he doesn’t spend much time in Israel.

Related articles: (Tel Aviv, apartment, expensive, Ofer )
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