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Sella Funds is shopping for six flooring of offices and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv, as properly as 80% of a Holon business centre.


Israeli authentic estate financial investment rely on (REIT) corporation Sella Money (TASE: SLARL) proceeds to broaden and has bought business office and professional room in central Israel for NIS 431 million as well as VAT. A resource close to the offer has instructed “Globes” that the vendor is Israeli billionaire Yitzchak Mirilashvili, who owns a portfolio of holdings in actual estate, infrastructures, technologies, communications and media which include Rothshtein Design and Assets (TASE: ROTS) and the Channel 14 professional Tv station.

Sella Capital, led by CEO Gadi Elikam and chairman Shmuel Slavin has agreed to get 6 floors of places of work and 90 underground parking areas in the North Ha’arba’ah Tower in Tel Aviv as well as 80% of a commercial center in Holon.

For the place of work room and parking in Tel Aviv, Sella Money is spending NIS 295 million and for the professional center in Holon NIS 136 million. The 6 floors in the North Ha’arba’ah Tower at 28 Ha’arba’ah Street are the 30th-35th flooring with business office space masking 6,923 square meters, which are entirely leased to two tenants – a tech firm and funds industry company, which have options to extend their leases by 5-10 a long time for more rent of 3%-10%.

Sella Funds mentioned that the 6 place of work flooring deliver annual internet functioning money (NOI) of NIs 16.8 million and that the yearly returns are 5.7% with about 10% once-a-year returns on capital.

Printed by Globes, Israel small business information – en.globes.co.il – on July 17 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.



Gadi Elikam Credit: Avishay Finkelstein
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