Euro Sat Investments buys Arlozorov House for $2.8m

Euro Sat Investments, controlled by diamond merchant Avraham Namdar continues to acquire real estate in Tel Aviv and to expand its control over the old Tel Aviv Cinema area. The company announced that it had contracted with a foreign company, controlled by Yoram Globus, for the acquisition of the Arlozorov House (known also as the Ohel Theatre) for $2.8 million in cash.