Kfar Shmaryahu Home Sells for NIS 55 Million

Preliminary zoning approval also given to demolish old-age home in the upscale Tel Aviv suburb.

High-tech executive Haim Amir has bought a luxury house in the tony Kfar Shmaryahu neighborhood for NIS 55 million. The home was sold by David Federman, the controlling shareholder of Israel Petrochemical Enterprises and co-owner of the Maccabi Tel Aviv basketball team.