Livni

Israeli construction overseas - Europe. please post relevant news, state country & city in headline in bold!

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Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.

Livni

Ukraine / Kiev

render of the project


Olimpia unit in $2 bn project
Olimpia will own part of the project in downtown Kiev.
Globes' correspondent 7 Nov 07 12:45
Olimpia Real Estate Holdings Ltd. (TASE: OLMP) is participating in a $2 billion residential, commercial, office, and hotel project in downtown Kiev, Ukraine. The company is participating in the project through a local subsidiary Olimpia Holding (Kiev) Ltd., held through Olimpia Euro Construction BV, in which Olimpia owns 45%. Olimpia sold the other 55% of Olimpia Euro to a group of foreign investors in April.
Olimpia Holding (Kiev) acquired 75% of Cyprus registered Mooncell Ltd., which owns a Ukraine company that owns the 41-acre lot zoned for the project, for NIS 345 million. Olimpia Real Estate therefore owns 33.75% of the Kiev project.
Olimpia and its partners plan to build 2,000 apartments on the site in stages, as well as 180,000 square meters of commercial, office, hotel, and parking space. The companies expect to invest about $850 million in the project and anticipates $2 billion in proceeds.


poland / warsaw
budapest / hungary

Olimpia Real Estate is active in Eastern Europe through Olimpia Euro. Projects include a €110 million residential Danube riverfront project in Budapest and the 3,000-apartment Queen Marysienka Project in Warsaw

לאוקראינה: תשקיע שם 3.4 מיליארד שקל
החברה רכשה 165 דונם במרכז העיר קייב ב-345 מיליון שקל. על הקרקע מתוכנן פרויקט מגורים ענקי של 2,000 דירות, שטחי מסחר, משרדים ובתי מלון. היקף המכירות הצפוי - 8 מיליארד שקל
פרויקט ענק לחברת הנדל"ן אולימפיה וכניסה ראשונה להשקעות נדל"ן באוקראינה. החברה הבת אולימפיה יורו (45%) רכשה קרקע באוקראינה, עליה תקים 2,000 דירות בהשקעה של 3.4 מיליארד שקל ועם היקף מכירות צפוי של 8 מיליארד שקל.
אולימפיה רוכשת 75% מהזכויות בחברה המחזיקה בקרקע במרכז העיר קייב תמורת 345 מיליון שקל. בכוונת החברה להקים במקום פרויקט מגורים ענק ובנוסף, שטחי מסחר ומשרדים בהיקף כולל של 180 אלף מ"ר וכן בתי מלון וחניונים בשטח של 700 אלף מ"ר. בכוונת החברה לפעול להכנסת שותפים לפרויקט.
אוסקר כצנלסון, יו"ר אולימפיה: "הפרוייקט הנוכחי ממחיש את קפיצת המדרגה שמבצעת אולימפיה מבחינת היקפי פעילותה. אנו מאמינים בפוטנציאל העסקי הטמון באוקריאנה, ובכוונתנו לפתח את פעילותה של אולימפיה יורו במדינה זו ובמדינות נוספות, במקביל להמשך פיתוח הפעילות של נאנט בפולין, בהונגריה, ברומניה וקרואטיה ולהמשך פיתוח פעילותנו גם בשוק הישראלי. גיוסי ההון האחרונים שהשלמנו, וכניסתה של ליהמן ברדרס כשותפה בנאנט, מעניקים לנו משאבים פיננסיים מספיקים כדי לקדם את תכניותינו העסקיות".

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Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.

Livni

Bucharest / Romania
AFI Europe buys out partner in Bucharest lot

The lot is zoned for a commercial and office project.

Africa-Israel Investments Ltd. subsidiary AFI Europe Ltd. has bought out its partner in a 31.2-acre lot in downtown Bucharest for €78.8 million. AFI Europe will own 98.4% of the lot after the deal. The lot is zoned for a mixed-use project, including commercial and office space.

AFI Europe paid the seller €59.9 million, and the balance in the form of an owner's loan. The company will also buy an adjacent 1,500-square meter lot for €1.1 million, where it will place a transformer needed for the construction and operation of the project.

Published by Globes [online], Israel business news - www.globes.co.il - on November 4, 2007

__________________
Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.

Livni

Serbia / Belgrade

CEE to build Serbia's largest development for €350-400m

Central European Estates and a local partner will build a commercial and residential project in Belgrade.

Central European Estates BV controlled by Yuli Ofer, will build what it is billing as Serbia's largest commercial and residential project in the capital Belgrade at a cost of €350-400 million. The company has signed an memorandum of understanding (MOU) with a local company that owns a 40,000-sq.m. (ten-acre) lot in the city center. The two companies will set up a joint venture to build the 460,000-square meter project. CEE will own 68% of the venture.

The companies expect to begin work in second half of 2008. The companies will split the profit in proportion with their stakes in the joint venture up to €1 billion. Above this amount, they will share the profits 50:50.
Central European Estates raised NIS 100 million in bonds on the TASE in September.

Published by Globes [online], Israel business news - www.globes.co.il - on November 4, 2007

__________________
Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.

Livni

Russia / Moscow & Volgograd

AFI increases stake in Moscow and Volgograd projects

The Africa-Israel subsidiary increased its take in the Tverskaya Zastava project from 25% to 95% for $82.9 million, and is negotiating to buy the rest.

Gil Shlomo 22 Oct 07 13:36

Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) subsidiary AFI Development plc (LSE:AFID) has purchased stakes from its partners in three projects in Moscow and Volgograd.
AFI has acquired 70% of Plaza IV, the holding company which is developing the Tverskaya Zastava redevelopment project, for $82.9 million, increasing its stake in the company to 95%. The company has negotiated an option to buy the outstanding 5% at $1.4 million per one percent. The Plaza IV project will include 63,278 square meters of office and 2,976 square meters of retail space, plus an underground parking garage. The entire Tverskaya Zastava redevelopment project, including the shopping center and five-star hotel, will have 465,115 square meters of space for lease when completed. The project is located in central Moscow, close to the Belorussky railway station.
In a separate transaction in central Moscow, AFI purchased an additional 2.2-hectare lot adjacent to the company’s Yauza riverfront Pochtovaya project for $37 million. The site is occupied by 15,000 square meters of buildings that will be demolished or redeveloped. The entire project will have 80,000 square meters of hotel and residences and 80,000 square meters of offices, as well as underground parking. AFI has purchased the site for $141.3 million altogether.

AFI added that its plans to buy adjacent lots to its current development projects for the redevelopment of entire city neighborhoods into comprehensive upscale schemes, such as its Tverskaya Zastava and Ozerkovskaya Embankment projects.

In a third transaction in Volgograd, AFI has acquired full control, after acquiring the 22% stake held by a partner for $17 million. The company plans to build a 150,000-square meter retail, office, hotel, and project on the site.
Today’s three purchases total $137 million. AFI Development held its IPO at a company value of $7.3 billion, after money, earlier this year.

Published by Globes [online], Israel business news - www.globes.co.il - on October 22, 2007

__________________
Did you know - Israel's landscape is per size, the most diverse landscape on planet earth, with 4 climate regions, snow peaks to sandunes, unique flora, fauna & climates mixing and crossing over from 3continents. for example - 500 million(!) birds use Israel's sky to migrate twice a year from the northern hemisphere to the south and back.