Real Estate

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1

Court stops gov't discussing planning reform

Real Estate
  The order is at the request of six environmental organizations seeking more time for consultation on the bill.
  Michal Margalit 04/03/2010
 The High Court of Justice has issued a temporary order forbidding the government from holding any discussion on the planning reform being promoted by Prime Minister Benjamin Netanyahu until a court ...
2

Aspen buys building in German airport

Real Estate
  The property is fully rented to a company that manufactures products for airplane interior designs.
  Michal Margalit 04/03/2010
 Aspen Building And Development Ltd. (TASE: ASBD ) subsidiary Aspen Real Estate Ltd. (TASE: ASRE ) has bought an office and logistics building in the Hamburg airport in Germany for about NIS 18 million...
3

Atias: Hundreds of contractors broke the law

Real Estate
  Housing Ministry: Contractors have not reported the sale of 3,000 apartments.
  Adi Ben-Israel 03/03/2010
 The Ministry of Housing and Construction suspects that 650 contractors have broken the Sales (Housing) Law (5733-1973), by not reporting the sale of about 3,000 apartments. Fines could reach NIS 75 ...
4

Africa-Israel debt deal upheld

Real Estate
  Bondholders will get additional shares in Africa-Israel Properties.
  Adi Ben-Israel 02/03/2010
 Yesterday's Africa-Israel Investments Ltd. (TASE: AFIL ; Pink Sheets: AFIVY ) bondholders meeting concluded after discussing the repercussions of the profit warning by subsidiaries Africa-Israel (TASE...
5

Leumi financing IDB purchase of New York's HSBC Tower

Real Estate
  The bank is making $210 million available to the Nochi Dankner controlled company.
  Aviv Levy 01/03/2010
 Nochi Dankner-controlled IDB Holding Corp. (TASE: IDBH ) is moving forward in its plans to buy the HSBC headquarters in New York. An agreement in principle was signed today between Bank Leumi (TASE: ...
6

Israel world's third strongest housing market

Real Estate
  According to "Global Property Guide" Israel fell from top place in the third quarter of 2009.
  Einat Paz-Frankel 01/03/2010
 Israel has fallen from first place in "Global Property Guide's" rankings of home price change for the second and third quarters of 2009 to third place in its fourth quarter ratings, behind Hong Kong ...
7

Tel Aviv plans affordable housing program

Real Estate
  The plan proposes 80-sq.m. apartments for eligible young couples with children, at a cost up to NIS 420,000.
  Michal Margalit 01/03/2010
 The Tel Aviv-Jaffa city council is due to approve at a special meeting today criteria for establishing affordable housing projects in the city, on the basis of a report by councilman Arnon Giladi. The...
8

Preservation trumps residences in Neve Tzedek

Real Estate
  The historic south Tel Aviv neighborhood will save the Torah Gates compound from developers.
  Ron Paz 01/03/2010
 The Tel Aviv Planning and Building Commission's Objections Subcommittee has published an amendment to the sections of the Neve Tzedek Border Plan in order to ensure the preservation of Torah Gates ( ...
9

Electra Real Estate sells London building

Real Estate
  The property is fully leased to the Metropolitan Police.
  Globes' correspondent 01/03/2010
 Electra Real Estate Ltd. (TASE: ELCRE ) has sold its 75% interest, held through a subsidiary, in a London building. The building was sold for ?17.13 million (NIS 100.2 million), representing a 5% The...
10

Africa-Israel bondholders to meet on profit warnings

Real Estate
  The company's Russian holdings are worth less than previously thought.
  Hillel Koren 01/03/2010
 Africa-Israel Investments Ltd. (TASE: AFIL ; Pink Sheets: AFIVY ) will attract considerable investor attention after late Thursday night, the company notified the Tel Aviv Stock Exchange (TASE) that ...

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