Gaydamak buys Zim lot in Tel Aviv from Mizrahi Bank with a $26 million offer.

Arcadi Gaydamak is entering Israel’s real estate market. On Friday, he bought the Zim lot at Rothschild St. 22, on the corner of Nahalat Binyamin St., Tel Aviv, for $26 million from Mizrahi Tefahot Bank . He outbid seven parties, with a price $6 million above the assessor’s estimate. As part of the deal he also bought three 1,200-sq.m. buildings slated for preservation.