Berggruen Residential Ltd. (TASE: BRGN.B1) has reportedly denied reports in the US that Madonna has bought a $20 million penthouse at the Meier-on-Rothschild tower in Tel Aviv, according to Israeli business media.
According to Globes, the company told the Tel Aviv Stock Exchange, “Reports in the US and UK media that pop singer Madonna has bought an apartment in the tower are not correct. Due to rumors, Berggruen Residential is for once breaking its usual rule about not reporting details on talks with potential buyers, and stating that the negotiations with the singer Madonna several months ago did not end in a deal.”
According to a March 6 report by TMZ, Madonna had purchased a $20 million custom-designed luxury penthouse duplex atop Berggruen Residential’s Meier on Rothschild breath-taking Tel Aviv skyscraper.
TMZ is a celebrity news website launched in 2005. It was a collaboration between AOL and Telepictures Productions, a division of Warner Bros., until Time Warner divested AOL in 2009. The name TMZ stands for thirty-mile zone, the historic “studio zone” within a 30-mile radius centered at the intersection of West Beverly Boulevard and North La Cienega Boulevard in Los Angeles, California. TMZ’s managing editor is Harvey Levin, a lawyer-turned-journalist who was previously a legal expert for the Los Angeles television station KCBS-TV. Frequently referenced by various media, TMZ is one of the most-cited entertainment news sources, utilized by national network and local newsgathering organizations.
As reported by DealmakersHub on February 27, 2015, Berggruen Residential, developer of the ultra-luxury Meier on Rothschild tower at 36 Rothschild Boulevard in Tel Aviv, announced that it had reached a record-breaking NIS 1 billion ($250 million) sales benchmark for single residential building revenue in Israel.
“There is, and there will always be, a demand for quality and exceptional location and Meier on Rothschild tower is a great example of it,” said Yigal Zemah, the company’s CEO. “In December we have witnessed high sales volume which passed 60 million NIS and there is much more interest in the last remaining apartments and penthouses.”
Berggruen has retained the services of Italian super-designer Patricia Urquiola as the interior designer of the ‘summit’ space, which will be used as a model penthouse.
Meier on Rothschild, designed by world famous award-winning architect Richard Meier, was selected by Forbes as one of the ten most prestigious towers in the world.
Berggruen Residential is owned by international businessman Nicolas Berggruen, and the Israeli Hagag-Cohen real estate development group.