in october 2006, bank mizrahi sold the plot to the russian-french-israeli businessman arcadi gaydamak together with four other buildings intended for preservation in the area, in exchange for 26 million usd. in june 2008 gaydamak sold the plot and the buildings to aviv group & co. in exchange for 135 million ils. in august 2008 the aviv group sold the historic beit naparsteg building on rothschild boulevard 48 to the jewish-canadian billionaire gerry schwartz for 28 ils.