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REAL ESTATE

Liora Ofer Crerdit: Inbal Marmari Liora Ofer's Melisron buys 50% stake in Aviv

The investment will enable the income producing real estate company to diversify into residential development and construction.

Tel Aviv's Kikar Hamedina Credit: 3D Vision Ashtrom, Electra to build Kikar Hamedina project

The two companies will undertake work worth NIS 1.4 billion including three spiral-shaped 40-floor towers.

Alfred Akirov Credit: Tamar Matsafi Akirov floats Swiss activities on Zurich stock exchange

Alrov raised 183 million Swiss francs, which will rise to 203 million Swiss francs if the underwriters fully exercise their options.

Asaf Touchmair and Barak Rosen  credit: Eyal Izhar Rosen and Touchmair freeze Norstar takeover bid

Stock market declines and interest rate rises have led Barak Rosen and Asaf Touchmair's Israel Canada to halt negotiations.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv, Bat Yam, Rishon Lezion, Pardes Hanna-Karkur, Nahariya, and Sderot.

Tel Aviv Photo: Shutterstock National Plan change calls for much denser Israeli cities

They may seem crowded, but Tel Aviv and Jerusalem are actually far less densely populated than Athens, Paris, and Barcelona.

HSBC Tower, Manhattan  credit: Shutterstock, Roman Tiraspolsky Property & Building seeks loan as HSBC Tower sale falls through

Property & Building needs to finance its purchase of Aaron Frenkel's 37.2% stake in Bayside.

Mortgages credit: Shutterstock Mortgage lending falls back

The total of new mortgages in April was 22% down on March, but still relatively high for the month of the Passover holiday.

Housing Photo: Eyal Izhar New home purchase stats indicate buying frenzy may be abating

The number of new apartments sold has declined for the fourth successive month, and the time taken to sell them has lengthened.

Downtown Jerusalem buildings Credit: Yossi Zamir 3 protected Downtown Jerusalem buildings sold for NIS 87m

The buildings, bought from Hadas Capital, are in Mevo Hamatmid Street off Hillel Street.

New plans for Mount Scopus Credit: View Point Over 3,000 new homes approved for Jerusalem

The Jerusalem District Planning and Building Commission has approved for deposit the addition of over 3,000 new homes for Jerusalem in two neighborhoods - Givat Shaul and Mount Scopus.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Givatayim, Ramat Hasharon, Netanya, Rosh Ha’ayin, Ashdod and Nahariya.

Isracard Building, Tel Aviv Airport City leases entire Isracard building in NIS 540m deal

Shared workspace company Switchup is paying Airport City NIS 27 million annually for twenty years for the downtown Tel Aviv office building.

Meir Shamir  credit: Eyal Izhar Mivtach Shamir investing in Canadian real estate

Mivtach Shamir plans to invest NIS 70 million in a real estate venture in cooperation with Canadian firm Kin Capital Partners.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Herzliya, Bat Yam, Or Yehuda, Netanya, Pardes Hanna-Karkur, Haifa, Kiryat Yam and Arad.

Adi Gazit with Kikar Hamedina project in background  credit: Gadi Sierra Bareket Capital obtains NIS 1.7b loan for Kikar Hamedina project

The residential tower project in central Tel Aviv, in one of Israel's most prestigious neighborhoods, will take five years to complete.

Intel Core Photo: Intel Kiryat Gat bends planning rules for Intel

The city has obtained approval for cutting open space requirements so that Intel can construct more fabs, though there is no certainty that Intel will do so.

Leumi HQ and Beit Mani Credit: Eyal Izhar Bank Leumi sells Tel Aviv head office for NIS 623m

Sella Capital Real Estate is buying the historic Beit Mani and adjoining 13-floor building in Yehuda Halevi Street.

Erez Migdali  credit: Migdal Insurance Migdal takes stake in global data centers co

Insurance group Migdal has participated in the acquisition of CyrusOne, its first equity investment in the field.

Yaron Adiv and Kidan Dahari  credit: Smadar Halevi Tnuport owners make counter bid for Norstar

The offer by Kidan Dahari and Yaron Adiv is higher than the one by Israel Canada, and could lead to a battle that will raise Norstar's price.

Tel Aviv office high rises Credit: Shutterstock Israel's office market provides opportunities for small investors

Buying space in an office building offers higher returns than in housing but can be more difficult to lease.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Givatayim, Ramat Hasharon, Rehovot, Harish, Afula and Beersheva.

Asaf Tuchmair and Barak Rosen  credit: Eyal Izhar Israel Canada launches takeover bid for Norstar

The share price of Norstar, which controls real estate company Gazit Globe, has shot up 14% in the wake of the bid.

Housing under construction in Or Yehudah  credit: Eyal Izhar Leumi sees home prices continuing to rise steeply in 2022

In a recent survey, Bank Leumi projects a 9-13% rise this year, and says moderating demand will be slow to affect prices.

Eido and Yitzhak Hagag credit: Shay Tamir Hagag Group completes Bazan purchase from Israel Corp

Hagag Group has bought 16.7% of Haifa oil refinery company Bazan from Israel Corporation, controlled by Idan Ofer, for NIS 555 million.

Omer Adam  credit: Shai Franco Omer Adam consortium plans third server farm

After announcing the construction of two server farms in Afula last year, the PAI, Europe-Israel, LIAN Group consortium has bought land for a third farm at Zora Park.

Trial run of Red Line train in Petah Tikva  credit: Eyal Izhar Do prices along the Red Line have further to rise?

Transport experts say Petah Tikva and Bat Yam, at the two ends of NTA's first light rail route, will see the greatest impact, but it all depends on suitable urban planning.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Ramat Gan, Hod Hasharon, Beer Yaakov, Ashdod, Ashkelon and Sderot.

Barak Rosen and Chaim Katzman  credit: KY Israel Canada: Norstar board protecting Katzman

Israel Canada claims that Norstar's directors breached their fiduciary duty in deciding on a dividend in kind of Gazit Globe shares.

Chaim Katzman  credit: Eyal Izhar Chaim Katzman takes further defensive steps at Norstar

Norstar, through which Katzman controls real estate company Gazit Globe, will distribute a dividend in kind of 23.2 million Gazit Globe shares.

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