Irineos I Watch
"The Israeli government refused to approve Irineos' election as Jerusalem's patriarch for two years as ministers accused him of hating Israel and being close to Yasser Arafat.
"In January 2004, the government gave its approval for his appointment, as required by tradition. Irineos negotiated the sale of the properties to a Jewish buyer and signed the deal soon afterward, in what could be seen as a payoff for making his installation as patriarch possible. The land's buyer is concealing his identity, apparently fearing international criticism of Israel for continuing to sponsor the acquisition of property in East Jerusalem."
Meanwhile, Danny Rubinstein contemplates who the Israeli investors were. All he has is speculation, but it's an angle worth considering.