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Tel Aviv auctions Kikar Atarim car park
Tel Aviv Municipality this morning published an ad to sell its 73% share in the Kikar Atarim underground car park for a minimum price NIS 184.5 million.
Tel Aviv Municipality this morning published an ad to sell its 73% share in the Kikar Atarim underground car park for a minimum price NIS 184.5 million in a public auction. This marks another stage in moving ahead with construction of the Kikar Atarim seafront project above the car park.
The latest sale of the car park comes after in August 2020 the Supreme Court canceled the original sale of the car park to JTLV, the partner promoting the high-rise buildings in Kikar Atarim. JTLV, controlled by Amir Biram and Yakov Shalom Fisher, bought the minority stake in the car park from hotelier David Schiff in 2017. In July 2017, the Tel Aviv-Yafo Council approved arrangements for JLTV to buy the municipality s majority share for NIS 150,000.
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