Greek Orthodox Church Filing Threatens Gary Barnett's Jerusalem Land Investment
The Greek Orthodox Church's recent Supreme Court filing confirms JNF lease extension rights over 520 dunams in Jerusalem, threatening Gary Barnett's 750 million shekel land investment.
The Greek Orthodox Patriarchate has submitted a crucial response to the Supreme Court regarding land leases in Jerusalem, potentially complicating a massive 750 million shekel acquisition made by Gary Barnett's group in 2023. The land in question spans 520 dunams in prime Jerusalem areas, including Talbiyeh and Rehavia, featuring 900 apartments, three luxury hotels, and major public institutions.
Lease Agreements and Uncertainty
In July 2025, a group of residents petitioned the Supreme Court demanding that the Jewish National Fund (JNF-KKL) extend its lease agreements, which are set to expire between 2051 and 2052. The uncertainty surrounding land ownership and potential tenant displacement had caused property values to plummet by dozens of percents. In its response to the court, the Church confirmed for the first time that there was never any doubt that the JNF would extend the lease agreements, granting the JNF extensive rights for an annual fee of 30,000 dollars.
Impact on Gary Barnett's Investment
Gary Barnett's group purchased the land ownership rights in 2023 for 750 million shekels, stepping into the shoes of the original landowner. However, because the JNF holds long-term lease rights, Barnett's ability to utilize the hundreds of dunams is heavily restricted. Furthermore, the Church's admission that the JNF has a clear right to extend the leases for a nominal amount undermines the speculative value anticipated by the investors, potentially rendering the massive financial outlay much less lucrative.
The Patriarchate had no doubt that the Jewish National Fund would exercise its option and extend the lease agreements as it has repeatedly declared, including recently.
Strategic Landmarks Affected
Among the properties built on these disputed lands are the Inbal, Prima Royal, and Dan Panorama hotels, as well as the Jerusalem Theater, the Great Synagogue, the Begin Heritage Center, parts of the Israel Museum, the Israel Democracy Institute, the Schechter Institute, Liberty Bell Park, the Biblical Hill, and the Valley of the Cross.
