Option to Purchase Six Historical Buildings Sold to Gerard Bukovza

Globes recently reported that the construction company Y.H. Dimri sold an option for the sale of six historical buildings in Tel Aviv to the French businessman Gerard Bukovza.  The price of the option is 1.9 million NIS, which the purchaser will not get back even if the deal does not go through in the end.

However, should the deal go through, the purchase price of all six buildings together will be 189 million NIS (from which the option price of 1.9 million dollars will be deducted).

The six buildings include the Palm House (“Beit Hatamar”) at 8 Nachalat Binyamin St.,  buildings at 7 Nachalat Binyamin Street, 15 Rambam Street, “Beit Ha’amudim at 16-12 Rambam Street, 54 Mohaliver Street and 44 Hatavor Street.

All these buildings, which were built in the 1920s and 1930s, are located in historical Tel Aviv and have been declared historical buildings  by the Tel Aviv municipality.

According to the Globes article, the Dimri company purchased the buildings in 2010 for 140 million NIS from Nicolas Bargruan, who in turn had purchased them from Ruth Shpizer two years previously for 130 million NIS.

Let us hope that these important historical buildings have found an owner who will cherish them and help restore them to their former glory.