Businessman Teddy Sagi, who is in sixth place in the list of the richest Israelis on Forbes magazine, purchased two penthouse apartments-the Ritz-Carlton in Herzliya. According to the newspaper «Globes», the amount of the transaction amounted to approximately 32 million shekels.
Bought Saga apartments are located on the last, the twelfth floor of a building built above a shopping and entertainment center «arena» at the Herzliya Marina. Its area is 110 and 104 sq. m. plus balcony area of 40 and 55 sq. m.
Both units are furnished, the first one has two bedrooms, the second has one bedroom and a study.
Since we are talking about holiday apartments, live in them, in accordance with Israeli law, the buyer will be able to only 180 days a year. The rest of the time the apartment will be rented out.
In 2010, the Saga has concluded the largest bargain in the history of the local housing market, buying a detached house of Galey Thelet in Herzliya Pituah for NIS 145 million.
— Sale, purchase and rent housing in Israel