Real estate

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1

Apartments sold and rented

Real estate
 
  Ori Chudy 06/05/2012
 Second-hand apartments sold Tel Aviv and central region Tel Aviv: A 90-sq.m. three-and-a-half-room apartment in need of renovation on Bavli St., north Tel Aviv, was sold for NIS 2.56 million. An 85-...
2

Gindi again cuts prices for Rishon LeZion project

Real estate
  The company is offering 18% discounts on apartments in its third sales campaign within a year.
  Ori Chudy 06/05/2012
 Gindi Holdings Ltd. has announced "Stock Day" for its Migdalei Le'um residential project in Rishon LeZion. It is offering discounts of up to 18% for the remaining 29 apartments of the 130 apartments ...
3

Gazit-Globe to delist Gazit America

Real estate
  Gazit-Globe Gazit America will offer to buy 73.1% of Gazit America at C$7.07 per share in cash and First Capital Realty shares.
  Globes' correspondent 06/05/2012
 Gazit-Globe Ltd. (NYSE: GZT ; TASE: GLOB ) and its Canadian subsidiary First Capital Realty Inc. (TSX: FCR ) plan to delist Gazit America Inc. (TSX: GAA ). Gazit-Globe currently owns 26.9% of Gazit ...
4

Africa-Israel raises NIS 214m in rights issue

Real estate
  Chairman Lev Leviev injected NIS 102 million into the company.
  Globes' correspondent 06/05/2012
 Africa-Israel Investments Ltd. (TASE: AFIL ) raised NIS 214 million in a rights issue, the company notified the Tel Aviv Stock Exchange (TASE) today. Africa-Israel chairman Lev Leviev bought 7.6 99% ...
5

Court appoints receiver for Delek Real Estate

Real estate
  Judge Varda Alshech appointed a receiver from May 13 and urged Yitzhak Tshuva to reach a creditors agreement before then.
  Avi Shauly 03/05/2012
 Tel Aviv District Court Judge Varda Alshech has decided to appoint a temporary receiver for Delek Real Estate Ltd. (TASE: DLKR from Sunday May 13. Until then, she said, "The parties have a last She ...
6

Harel: Tel Aviv home prices 45% too high

Real estate
  Harel also found that Tel Aviv homes are the world's eleventh most expensive.
  Einat Paz-Frankel 03/05/2012
 A survey of Tel Aviv real estate in comparison with global real estate by Harel Insurance Investments and Financial Services Ltd. (TASE: HARL ) chief economist Dr. Michael Sarel found that Tel Aviv is...
7

Fischer: We don't want home prices to fall sharply

Real estate
  The Governor of the Bank of Israel told the Knesset Finance Committee today that the real estate market was at a sensitive stage.
  Adrian Filut 02/05/2012
 Governor of the Bank of Israel Stanley Fischer acknowledged for the first time today that the Bank of Israel was starting to prepare for the possibility that at least one country will leave the euro "...
8

Azrieli buys two Petah Tikva buildings from Bronfman

Real estate
  Azrieli, has acquired full ownership of the two buildings which are fully leased, 68% of the space to Teva.
  Michal Margalit 02/05/2012
 Azrieli Group Ltd. (TASE: AZRG ), controlled by David Azrieli, has acquired full ownership of two buildings in the Petah Tikva Science and Technology Park from Matthew Bronfman's Isralom Ltd for NIS ...
9

Leviev takes no pay from AFI Development

Real estate
  Alexander Khaldey, a former partner in the company who sold his full holdings to Leviev last year received a salary of NIS 554,000.
  Hillel Koren 01/05/2012
 Lev Leviev, the chairman and controlling shareholder in AFI Development plc (LSE: AFID ), the Russian development arm of Africa-Israel Investments Ltd. (TASE: AFIL ) received no pay, no bonuses and no...
10

REIT 1 raises NIS 137m

Real estate
  The real estate investment fund had planned to raise only NIS 110 million in its bond offering.
  Globes correspondent 30/04/2012
 REIT 1 Ltd. (TASE: RIT1 ), Israel's first income-producing real estate investment fund, raised NIS 137 million yesterday from investment institutions and the public in an expansion of the company's ...

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