 |
 |
|
|
| |
| |
| |
|
|
| Articles about Africa Israel |
| Africa Israel says it can service debt without asset sales | | 2008-07-02 15:34:00 | | Africa Israel Investments Ltd., diamond billionaire Lev Leviev's real estate holding company, has no need to divest assets to pay down debt after selling shares last week, Chief Executive Officer Izzy Cohen said.
The property company would only sell Israeli real estate if a disposal yielded better returns than holding on to the assets, Cohen, said at a press conference in Tel Aviv on Sunday.
"
| | By: Israel real estate | | |
| | Africa Israel in early talks to sell properties | | 2008-06-22 02:31:00 | | Shares in Africa Israel Investments were down 2.6 percent at 1256 GMT, compared with a decline of 0.6 percent in the broader market. Shares in Africa Israel Properties were up 0.2 percent.The Globes financial newspaper had reported that Africa Israel was in talks to sell all of its shopping malls in Israel to the Azrieli Group for 1.7 billion shekels ($506 million).The Azrieli Group, controlled by Canadian businessman and real estate developer David Azrieli, owns several shopping centres in Israel.
| | By: Israel real estate | | |
| | Africa-Israel plans to raise $150-200 million in a public offering | | 2008-06-01 05:19:00 | | Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY), controlled by chairman Lev Leviev, published its consolidated financial report for the first quarter of 2008 on Friday. The company posted a net profit of NIS 125 million (NIS 0.96 per share), down 80% from the NIS 746 million for the corresponding quarter of 2007.Revenue from regular operations fell nearly two-thirds to NIS 465 million for the first quarter from NIS 1.23 billion from the corresponding quarter, which included NIS 645 million in fair value on investment assets. Profit from real estate developments fell to NIS 122 million for the first quarter from NIS 922 million for the corresponding quarter.
| | By: Israel real estate | | |
|
|
|
| Africa Israel unit gets credit for Bulgaria project | | 2008-05-06 04:53:00 | | Israeli conglomerate Africa Israel Investments (AFIL01.TA: Quote, Profile, Research) said on Sunday its subsidiary AFI Europe signed an accord with Investcredit bank for 59 million euros to finance the Business Park Varna project in Varna, Bulgaria. The cost of acquiring the property and three existing buildings was 76.5 million euros ($118.3 million), the company said. Business Park Varna, located near the Varna airport and the Black Sea, includes 35,000 square meters of office space as well as another 15,000 square meters under construction.
| | By: Bulgaria Real Estate News | | |
| | Deutsche Bank initiates coverage of Africa-Israel Properties | | 2008-01-31 05:00:00 | | Deutsche Bank has initiated coverage of Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) subsidiary Africa-Israel Properties Ltd. (TASE: AFPR) with a "Buy" recommendation, which the bank admits "is going against the grain", and a target price of NIS 280, nearly double Sunday's closing price of NIS 148.70.
| | By: Israel real estate | | |
| | Africa Israel Q3 net profit soars 82 pct | | 2007-11-26 12:27:00 | | The company, which is controlled by billionaire Lev Leviev, recorded quarterly net profit of 215 million shekels ($55.6 million) or 4.42 shekels per share diluted compared with 118 million shekels or 2.09 shekels per share diluted a year earlier.Africa Israel's revenue in the quarter rose to 2.23 billion shekels from 1.23 billion shekels.
| | By: Israel real estate | | |
|
|
|
| Deutsche Bank raises Africa-Israel target price | | 2007-10-18 19:31:00 | | Deutsche Bank has raised its target price for Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) from NIS 370 to NIS 475 while reiterating its “Buy” recommendation for the share. The target price is 17% above today’s opening price of NIS 405.80. The share rose 1.4% in morning trading. Its market cap is NIS 20.5 billion.
| | By: Israel real estate | | |
| | Africa Israel Investments | | 2007-08-14 00:48:00 | | In recent years Africa Israel has pursued a global strategy of: strengthening its international status; focusing on core activities in real estate, construction & infrastructures, energy, related industries and finance: expanding business activities and maintaining growth through innovation and entrepreneurship; developing and managing large scale projects in diverse locations worldwide; consolidating its strength and build up sustainable net income on a solid basis; Leveraging its management capabilities and capital to attain future growth.
| | By: Israel real estate | | |
| | AFRICA ISRAEL PURCHASES 76.5 MILLION EURO REAL ESTATE IN BULGARIA | | 2007-08-04 23:08:00 | | Israeli conglomerate Africa Israel Investments has bought land with office buildings in Bulgaria’s Black Sea coastal city of Varna, a company official said. Africa Israel Investments’ business development manager Akiva Azulay told SeeNews that “It is a big plot and part of it is built and the other part we are going to develop.” The company is controlled by billionaire Lev Leviev and operates in the real estate, energy, hotel services and infrastructure sectors. The company also has a commercial project and two residential developments in Sofia.
| | By: Israel real estate | | |
| | Africa Israel, Boymelgreen split assets | | 2007-07-31 05:21:00 | | Africa Israel Investments Ltd. said Sunday it agreed to divide some of the New York and Miami properties it jointly owns and is developing with the Boymelgreen group, controlled by New York real-estate developer Shaya Boymelgreen, who will hand over the rights to properties including 23 Wall Street, 88 Leonard St., the commercial portion of the W Squared project and everything the two sides jointly own in Miami, Yehud-based Africa Israel said in a statement to the Tel Aviv Stock Exchange.
| | By: Israel real estate | | |
| | Africa Israel ventures into Chinese real estate | | 2007-07-24 23:36:00 | | Company negotiating a five-city development deal in China, said to open Beijing office soon. Deal estimated in hundreds of millions of dollarsm, Should the deal materialize, it would be Africa Israel's most massive introduction into any of the world's regions, exceeding even its activities in Russia.
| | By: Israel real estate | | |
|
|
| |
 |
|
| |
| |
|
 |
