Palestine/Israel: Armenian Patriarchate cancels land deal with Israeli company Xana Gardens that would sign away "25% of Armenian Quarter of Jerusalem"
"Armenian Patriarchate in Jerusalem cancels controversial land deal with Israeli developer"
The Armenian Patriarchate of Jerusalem cancelled a controversial real estate agreement that would sign away some 25 percent of the Armenian Quarter of Jerusalem to an Israeli investor for 99 years.
“The Armenian Patriarchate of Jerusalem announces that a letter was sent on October 26, 2023 to Xana Gardens Ltd. whereby the Patriarchate informed Xana Gardens of the cancellation of the agreement signed on 8/7/2021 regarding the Armenian Gardens in the Old City, Jerusalem,” the Chancellery of the Armenian Patriarchate of Jerusalem said in a press release, cited by Armen Press.
A deal had earlier been signed by the Armenian Patriarchate that would hand up to 25% of the quarter to a commercial entity for a 99-year lease. The reported intention was to build a luxury hotel on some of the land that is currently a parking lot, but is on prime real estate nestled just within the Old City walls.
The deal in question was supposedly a 99-year lease to a Jewish developer who will build a luxury hotel on the land...