Akirov to sell Sharon Mall

British-Israel said today that it would acquire the Sharon Mall for NIS 344 million, plus VAT and indexation differentials backdated to the Consumer Price Index (CPI) for March, the time that Alrov first disclosed its intention to sell the mall to Financial Levers.

You want to buy real property in Israel. How do you do it?

There are two main types of property in Israel: privately-owned and state-owned, which are treated differently by the law. The main difference is that the title to private land is registered in the land registry under the name of the purchaser. But the buyer cannot gain title to state land: what you get is a long-term lease to the property, usually 49 years with an option to extent for an additional 49 years.

The israel real estate index fell 0.1%

Elbit Medical had left the index six months ago after its revenues from real estate dropped to under 50% of its total revenues. The share rose 0.1%. The real estate index fell 0.1% for the day, but was up 2.1% for the week.

List of Holocaust victims real estate published on net

The society for restituting property belonging to victims of the Holocaust published Wednesday a list of 3,500 bank accounts and real estate properties located in Israel, worth over NIS 100 million ($25 million), that belong to Holocaust victims.

Housing developer Nanette Real Estate Group yesterday raised NIS 214 million

London-listed Nanette, which is controlled by two publicly traded companies Olimpia (34%) and Meshulam Levinstein Contracting & Engineering (19%), together with Lehman Brothers, intends to list the bonds on the Tel Aviv Stock Exchange by the end of August 2008. After registration, the bonds will bear 4.8% annual interest.

Sea of galilee west

Foreigners purchase Israeli property at record

While Israelis are investing in income-producing real estate overseas, foreign investors have continued to purchase luxury properties in Israel. Foreign investment in Israeli residential properties and income-producing properties totaled $683 million in January-May 2007, the Bank of Israel reported today. Of this, $209 million worth of property was purchased in May alone. This represents an annual investment of rate of a record $1.64 billion, compared with $1.44 billion in 2006 and $1.22 billion in 2005.

Alrov Israel Real Estate spending 2006 profit on buying exec jet

The plane is costing it $27 million, the company says. Alrov Real Estate, owned by developer Alfred Akirov, operates mainly in Switzerland, France and recently the Netherlands to, where it plans to build a hotel.

Israel real estate attracts record foreign investment

Foreign investment in real estate made up almost a third of direct investment last month, which totaled $633m., the Bank of Israel said in an e-mailed statement.

Elad plans IPO, $2 billion

JERUSALEM, June 12 (Reuters) - Israeli real-estate company Elad, owner of New York's Plaza Hotel, plans to float its shares in the United States and to make a $2 billion U.S. bond offering, Israel's Yedioth Ahronoth newspaper reported on Tuesday.

Northern Israel property market recovers from war

New home sales in the north rose 85% in January-April, compared with September-December.

Shari Arison with Yitzhak Tshuva on Indian real estate

Banker billionaire Shari Arison is joining forces with energy and property tycoon Yitzhak Tshuva in pursuing real estate opportunities in India. Arison and Tshuva ill be investing about $100 million to start with through a joint company.

Delek Real Estate buying Sahar Development

The company, run by Ilik Rozenski, says it's paying NIS 213 million in net terms for Sahar, which owns 44,000 square meters in rent-generating assets, mostly in Tel Aviv. It also owns some buildings in Netanya and Haifa, as well as holdings in some companies that own property in Germany.

Amot buys Tel Aviv’s Europe House for NIS 70.7m

The four-storey Europe House has 3,600 sq.m. of office space. The building is fully leased and generates net operating income (NOI) of NIS 5 million a year.

Israel real-estate prices a myth

Can it be that apartment prices in Tel Aviv are higher than in San Francisco?

Charting Gaydamak vs Leviev

Investors want to know: which is better, Lev Leviev's Africa Israel (TASE: AFIL), which has been waning of late, or Arcadi Gaydamak's recent acquisition, Ocif Investment & Development (TASE: OCIF), quite the darling of late?