YBOX Real Estate (TASE: YBOX) has announced the sale of a penthouse in the Gat Rimon project on Tel Aviv’s Park HaMesila (Railway Park). The company said that the buyer is a French businessman who immigrated to Israel recently. The 550 square meter penthouse reflects a price of NIS 100,000 per square meter.
The penthouse is in the YBOX Art project, which encompasses two 40-floor mixed purpose towers including a hotel, office space, art galleries, and leisure facilities as well as apartments. The project has been planned by architect Moshe Tzur and designed by the Italian architect Piero Lissoni.
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In another major Tel Aviv real estate deal, a 314 square meter penthouse with a swimming pool on Shprinzak Street in Sarona has been sold for NIS 32 million. The apartment is part of a TAMA 38 earthquake reinforcement urban project on a six-floor building and the price also reflects about NIS 100,000 per square meter.
The project was undertaken by developer Yitzhaki Hasson and Adv. Dan Halpert, who represented the buyer, a tech businessman, said, “This is an exceptional deal in the Tel Aviv landscape in recent years. We conducted serious and intensive negotiations.”
Published by Globes, Israel business news – en.globes.co.il – on April 30, 2026.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.
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