18.03.2011 12.Adar ll, 5771
NIS 80 million deal solves capital's leasing problems through 2051.
The Greek Orthodox Patriarchate sold most of its leasing rights to large swaths of Jerusalem to a group of Jewish investors last week. The NIS 80 million agreement puts an end to the long draw-out land affair – at least for the next 140 years.
In the deal, signed March 10, the Patriarchate sold most of its rights to lease the land it has held in Jerusalem to a group of Jewish investors from Israel and abroad. The group includes the Ben David family, one of the wealthiest in Jerusalem, who are large property investors and partners in Givot Olam Oil Exploration….