Roman Abramovich to build Tel Aviv seafront hotel | Globes
The Israeli-Russian billionaire has bought Beit Hamagen from French businessman Dominique Romano for NIS 200 million.
Israeli-Russian billionaire Roman Abramovich has reportedly bought the Beit Hamagen building on Tel Aviv seafront for NIS 200 million ($57 million) from French businessman Dominique Romano. The deal represents a handsome profit for Romano who bought the building three years ago from the Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL) for NIS 150 million.
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