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23rd July 2008, 22:27
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| Refugee   Join Date: May 2008 Location: Pleasantville, NY
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|  Globes [online] business and technology news from Israel Gazit-Globe to build Macedonia office project Gazit-Globe chairman Chaim Katzman: The project is part of the positive business environment that Macedonia is creating for investors." Sharon Baider and Globes' correspondent 20 Jul 08 11:50 Gazit-Globe Ltd. (TASE: GLOB) will build a €120 million office and commercial project in the Macedonian capital of Skopje. This is the company's first project in the Balkan country. The company has already bought the 42,000-square meter for €22 million. After meeting senior Macedonian government officials, Gazit-Globe chairman Chaim Katzman said, "Gazit-Globe's project in Macedonia is part of the positive business environment that Macedonia is creating for investors." Gazit-Globe will begin construction of the project in three months. Gazit-Globe has completed the construction of a number of malls in Bulgaria, and announced plans to build several more over the next five years. The company also announced that, at an extraordinary meeting last week, shareholders of Austria's Meinl European Land Ltd. (ATX: MEL) have agreed to the takeover of the company by CPI/Gazit Holdings Ltd., a joint venture of Gazit-Globe and Citibank International plc unit Citi Property Investors. The deal is due to be closed by the end of July. Published by Globes [online], Israel business news - Globes [online] business and technology news from Israel - on July 20, 2008 © Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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23rd July 2008, 22:29
| #27 | |||||||||||
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| Globes [online] business and technology news from Israel Fattal fund to build Munich hotel The new 450-room hotel will open in 2010, ahead of the Winter Olympics. Dalia Tal 23 Jul 08 12:20 The Fattal fund has signed a contract to build a 450-room hotel in Munich for 70 million. The hotel will be operated under the Fattal Hotel Management Ltd.'s Leonardo Hotels label, which manages 30 hotels throughout Europe. The hotel, to be located in the Olympic Village, will be Leonardo's fourth hotel in Munich and the fifteenth in Germany. The new hotel is due to open in mid-2010 ahead of the Winter Olympic Games that the city is hosting that year. It will include banquet halls, spa, and fitness center. Fattal Hotel CEO David Fattal said that the Fattal fund planned to build 60 hotels at tourist, business, and convention centers in Europe, particularly in Munich. Fattal Hotel currently has 30 hotels in Europe, including 21 in Munich. It also has 18 hotels in Israel. The Fattal fund has already invested 80 million of the 300 million raised. In addition to Fattal Hotel Management, investors are Delek Belron International Ltd. (TASE  LKI.B1), Migdal Insurance and Financial Holdings Ltd. (TASE: MGDL), Dorea Investment and Developments Ltd. (TASEORA), and Menorah Mivtachim Holdings Ltd. (TASE: MORA). Published by Globes [online], Israel business news - Globes [online] business and technology news from Israel - on July 23, 2008 © Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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24th July 2008, 21:55
| #28 | |||||||||||
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| Globes [online] business and technology news from Israel Leviev sticks with Versace in Moscow AFI Development is in talks with interior designer Donatella Versace. Michal Margalit 24 Jul 08 16:11 Africa-Israel chairman Lev Leviev apparently likes the work of interior designer Donatella Versace. Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) Russian development arm AFI Development plc (LSE:AFID) is in advanced talks with Gianni Versace SpA for design the interiors of the company's Tverskaya Zastava mixed-use project in Moscow. The news comes just days after Africa-Israel Properties Development USA reached a deal for Donatella Versace for the interior design of the company's Clock Tower project in Manhattan. The Tverskaya Zastava development includes a 70,600-square meter shopping center and 400,000 square meters of office and residential space in series of projects. Donatella Versace will be responsible for the interior design of the 143,100-square meter Plaza I residential and office project, including the apartments and public areas. An Africa-Israel spokesman said in response, "AFI Development is in advanced talks with Gianni Versace." Published by Globes [online], Israel business news - Globes [online] business and technology news from Israel - on July 24, 2008 © Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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27th July 2008, 21:37
| #29 | |||||||||||
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| Globes [online] business and technology news from Israel AlfaRom to invest €200m in Romania - report "Interfax": The company and its partner are building holiday apartments near Dracula's castle in Iasi. Michal Margalit 27 Jul 08 11:12 "Interfax" quotes AlfaRom Holdings Srl president Yigal Zohar that the company plans to invest €200 million in the Romanian real estate market over the next four years. The company and RO Future Group plc (TASE:ROFG.B1) are about to build an 850-apartment project at an investment of €70 million in Galanti. Both companies are owned by Israeli developers. Zohar added that the company was also planning to develop other small "high-level" residential projects in Bucharest and Brasov, and was also considering mixed-use projects. AlfaRom and Future Group have already begun construction of a €70 million residential project in the eastern Romanian city of Iasi. Half of this project has already been sold. AlfaRom and Romanian developer Kadna Real Estate are building 200 holiday apartments in Bran, best-known for its "Dracula castle" at an investment of €25 million. The company's largest project is planned in Giurgiu on the Bulgarian border. Published by Globes [online], Israel business news - Globes [online] business and technology news from Israel - on July 27, 2008 © Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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27th July 2008, 21:38
| #30 | |||||||||||
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| Globes [online] business and technology news from Israel Aura obtains Leumi financing for Romanian project The company is building a €25 million residential project in Piatra. Michal Margalit 27 Jul 08 11:10 Aura Investments Ltd. (TASE:AURA) subsidiary Auro Europe Ltd. has obtained a €19 million loan from Bank Leumi (TASE: LUMI) to finance its €25 million residential project, Green Hills, in the northeastern Romanian city of Piatra. The company will build 232 apartments. Construction of the first part of the project will be completed in November 2009. Apartments will range from one to five rooms. Coldwell Banker Real Estate LLC, which is marketing the project, says that prices will range from €25,000 to €250,000. Published by Globes [online], Israel business news - Globes [online] business and technology news from Israel - on July 27, 2008 © Copyright of Globes Publisher Itonut (1983) Ltd. 2008
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