Home NEWSBusiness Vogue House sold to Israeli billionaire Eyal Ofer for $142 million

Vogue House sold to Israeli billionaire Eyal Ofer for $142 million

by Nagoor Vali

Ofer, 73, inherited his fortune from his father, Sammy Ofer, an Israeli transport tycoon who was at one time the nation’s richest man.

He joined his father’s enterprise within the early Nineteen Seventies and performed a number one position in rising the corporate by investing in property, inns and banking.

Vogue US editor Anna Wintour has long links to Vogue House.

Vogue US editor Anna Wintour has lengthy hyperlinks to Vogue Home.Credit score: Getty Pictures

The businessman has a longstanding affiliation with Britain. In 2012, he helped to fund the constructing of the Gloriana, the primary Royal barge to be constructed for over 250 years, to rejoice Queen Elizabeth II’s diamond jubilee. In 2013, he donated £10 million to Tate Fashionable.

Vogue Home provides to Ofer’s in depth property portfolio, which incorporates a number of buildings on New York’s Park Avenue. Final 12 months, he purchased the luxurious lodge Mondrian Park Avenue lodge and Anagram Columbus Circle, a residential tower between New York’s so-called “Billionaire’s Row” and Central Park.

Conde Nast has bought the leasehold of Vogue Home to Ofer. The freehold is owned by The Church of England’s property arm.

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