JTLV3 Fund, headed by Amir Biram, Ariel Rotter and Shlomo Gutman has recently obtained the motor vehicle park and professional land adjacent to the Mandarin Resort in north Tel Aviv for NIS 190 million in addition VAT, a resource close to the deal has informed “Globes.” The land is zoned for the development of lodges and commercial space.

The Mandarin Resort is in the considerably north of Tel Aviv, west of the Glilot Interchange. The resort was developed in the 1980s and was managed by non-public businesspeople but following encountering monetary complications in 1989 was purchased by Azorim,