Sources re Danya Cebus construction in Maale Adumim in 2000 and Adam in 2003

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-August 7, 2000 article in Globes re Danya Cebus contract to build in Maale Adumin

Danya Cebus Signs Contracts to Construct Apartments, Properties for NIS 600 Mln;
The deals are with Pritzker, Dankner, Gindi, Yaasour, Azorim, and Hefziba.

Globes [online] - Israel's Business Arena
August 07, 2000 Monday

BYLINE: Elazar Levin

Danya Cebus signed 17 contracts for construction of apartments and income-yielding real estate for NIS 600 million during January-June, almost all in key contracts as chief contractor. The amount of the deals is almost unprecedented in the sector. The company's turnover during all of 1999 was NIS 650 million. Most of the deals were at $80,000 per apartment, while only 30% of the cash deals were with the parent company, Africa-Israel.

The list does not include the deal for construction of 1,800 apartments for Resido in Beer Yaakov for NIS 470 million signed at the beginning of August. The following is a partial list of the deals:

The "Krayot" towns north of Haifa - 298 apartments for Pritzker and Dankner in Kiryat Bialik for NIS 100 million, 100 apartments for Azorim in Kiryat Yam for NIS 25 million.

Hod Hasharon - 209 apartments for Gindi and the Zeytuni family for NIS 70 million.

Herzliya - two residential buildings with 152 apartments in Tzamerot for Roni Yitzhaki for NIS 64 million.

Maale Adumim - 115 apartments for Yaasour for NIS 35 million, 60 apartments for Hefziba (Mordechai Yona) for NIS 18 million.

Jerusalem - 72 apartments for Azorim in Ramat Rahel for NIS 30 million, Power Center for Africa-Israel and Gandan in Talpiot (16,000 sq.m.) for NIS 20 million.

Published by Israel's Business Arena on August 6, 2000
www.globes.co.il

 

 

-June 15, 2003 article in Globes re Danya Cebus contract to build in Adam

Danya Cebus to build 753 apartments for Hefziba ;
The deal is worth NIS 180-200 million.

June 15, 2003 Sunday

BYLINE: Elazar Levin

Danya Cebus (TASE:DNYA) has signed a contract with Hefziba Building Development and Investment to be chief contractor for 753 apartments at seven sites. The deal is worth NIS 180-200 million. The deal is contingent on signed separate contracts for each site.

The largest project is the construction of 244 apartments at Moshav Matzliah, near Ramle. The other sites are in the Adam community settlement, Acre, Carmiel, Elad, Kfar Yonah, and Gan Yavne.

Danya Cebus will receive $60,000 per apartment.

Published by Globes [online]- www.globes.co.il - on June 15, 2003
www.globes.co.il

 

 

 




Sources re Danya Cebus construction in Mattityahu East

 

 

-July 31, 2008, Land Grabs and Lawsuits, The Montreal Mirror, Jesse Rosenfeld

http://www.montrealmirror.com/2008/073108/news2.html

According to a spokesperson from Green Park and Green Mount’s business partners Danya Cebus construction company, the two companies are owned by wealthy American businessman Shaya Boymelgreen. Danya Cebus received a subcontract for the Mattityahu East project in 2004 and the spokesperson says the two companies are part of Boymelgreen’s business conglomerate.

“Green Park and Green Mount—as part of the Boymelgreen group—subcontracted to Danya Cebus, with the [Israeli] government’s approval in awarding contracts,” says a Danya Cebus spokesperson. “Boymelgreen was the group that won the contract and Danya Cebus is acting as the subcontractor.”

A subsidiary of Africa Israel Investments LTD, Danya Cebus is owned by Israeli billionaire Lev Leviev.

 

 

-Click here for contract in Hebrew showing Danya Cebus' responsibility for Mattityahu East homes

 

 

 

-August, 2006 Gaza Algazi article in Le Monde Diplomatique re Danya Cebus construction in Mattityahu East

Settlers on Israel’s Eastern Frontier
Complete Article: 
http://mondediplo.com/2006/08/04settlers

Monde Diplomatique, Gadi Algazi August, 2006

The residents of Bil’in face a powerful alliance of political and economic interests. Two neighbourhoods will be built on their stolen lands. The Green Park project is being constructed by Dania Cebus, a subsidiary of Africa-Israel Corporation, a real-estate investment firm owned by one of Israel’s most powerful businessmen, Lev Leviev.

 

 

 

 

-August 22, 2004 article in Globes re Danya Cebus contract to build in Mattityahu East

Canadian investors buy East Matityahu plot to build 2,500 apt units;
It is believed the investors will pay $22 million for the 235 acre plot. A $130 million contract has been signed with construction company Danya Cebus.

Copyright 2004 Globes Publisher Itonut (1983) Ltd.
All Rights Reserved
Sunday, August 22, 2004

BYLINE: Elazar Levin

Two Canadian-Jewish investors have purchased a 235 acre plot in East Matityahu from businessman Shmuel Einav. The purchase effectively liquidates Einav's holdings in East Matityahu, a haredi (ultra-Orthodox) town currently under construction north of Modiin. The investors paid an estimated $22 million for the plot, on which they intend to build 2,500 apartment units.

Einav, once among the biggest landholders in Judea and Samaria, bought 250 acres from its Arab owners several years ago. At the time, he paid $5 million, at $20,000 per acre. He subsequently invested a great deal of money in improvement and development of the land, in addition to other expenses.

The estimated $22 million purchase price reflects a price tag of $8,000-9,000 per land per apartment, plus $6,500 for development per apartment.

Almost immediately, the Canadian investors signed a turnkey contract with construction company Danya Cebus (TASE:DNYA). At $52,000 per land per apartment, the contract comes to $130 million.

Published by Globes [online]- www.globes.co.il - on Sunday, August 22, 2004

 

 

 

-August 22, 2004 article in Globes re Danya Cebus plans to build and Africa-Israel plan to market homes in Mattityahu East

Danya Cebus to build $230m Upper Modi'in project;
An Urban Building Plan (UBP) has been approved for 1,500 housing units, and a UBP for an additional 3,000 units will be approved soon.

Copyright 2004 Globes Publisher Itonut (1983) Ltd.
All Rights Reserved

Globes [online] - Israel's Business Arena
August 22, 2004 Sunday

BYLINE: Sharon Kedmi

Danya Cebus (TASE:DNYA) will build the $230 million Green Park project in the haredi (ultra-orthodox) town of Upper Modi'in, Danya Cebus CEO Itamar Deutscher announced last week. The company bought 939 dunam (234.75 acres) in the residential East Matityahu lot, zoned for the haredi community.

Danya Cebus's parent company, Africa-Israel Investments (TASE:AFIL), will market the project, which will comprise five-storey buildings with up to 26 apartments per buildings. The buildings will have garden apartments, penthouses, and three, four, and five-room apartments.

Deutscher said an Urban Building Plan (UBP) had been approved for 1,500 housing units, and a UBP for an additional 3,000 units would be approved soon. 800 housing units will be built in the first construction stage. Infrastructure work for 1,300 housing units is currently underway.
Published by Globes [online]- 
www.globes.co.il - on August 22, 2004
www.globes.co.il

 

 

 

-August 24, 2004 Globes article re Danya Cebus plans to build Mattityahu East

Africa-Israel: New York, New York;
CEO Pinchas Cohen plans more Big Apple buys but says he won't neglect Israeli real estate.

Globes [online] - Israel's Business Arena
August 24, 2004 Tuesday

BYLINE: Elazar Levin

"Globes" interviewed Africa-Israel Investments (TASE:AFIL) CEO Pinchas Cohen following the company's acquisition of a New York financial district skyscraper. Cohen talks about the company's strategic investments in Israel and overseas and the best deals in Manhattan.
"Globes": Where exactly is the building and who owned it?


Cohen: "At the sellers' request, we are not disclosing the building's precise location at this time. We will do so later. The building is owned by two well-established families, who bought it many years ago. We believe both parties made a good deal.

Is this the first time that you've bought an office building with the intention of converting to residential use?

"No. We bought an office building at 15 Broad St., Manhattan, last year for $120 million. We're now converting it to luxury apartments at a similar investment level. The Manhattan apartment market is very good, prices are high, and investments like these are worthwhile."
What is your real estate investment policy for New York?

"It's a long-term strategy. We already own 18 office buildings in New York, all of which are leased. Together with our investments in Miami, we have invested $3 billion. Africa-Israel is a large company in the North American real estate market. Our policy is to invest in the US alongside further real estate investments in Israel."

Aren't such large investments risky?

"The New York real estate market isn't just good - it's hot. You can lease almost any office building at a high return. It's not just us; other developers in the US are doing good business there. It is a fact that six large US banks agreed to finance the bulk of the investments. Success is based on three factors: keeping within a budget, meeting the timetable, and proper marketing. We've established a good engineering-marketing system, headed by Shaya Boymelgreen, who manages matters, together with our people in New York."

Will you make more investments in the US?

"We have plans to buy more real estate in New York and in cities in other states. We're a public company, so we cannot disclose details until the deals are signed."

Are you neglecting Israel?

"Heaven forbid! Our subsidiary, Danya Cebus (TASE:DNYA), recently signed a very large contract to build 2,500 apartments in Matityahu Mizrach (Upper Modi'in), for a $130 million investment. We have other investment plans in Israel, depending on the market climate. Both our divisions are busy: in Israel and overseas."
Published by Globes [online]- 
www.globes.co.il - on August 24, 2004
www.globes.co.il

 




Sources re Danya Cebus construction in Har Homa
and Maale Adumim 2007

 

 

 

 

 

 

-August 9, 2007 Ha’aretz article re Danya Cebus plans to complete construction in Har Homa and Maaleh Adumim

Hapoalim: Heftsiba is lying in its motion to halt legal steps
Complete Article: http://www.haaretz.com/hasen/spages/891458.html

Ha’aretz Daily, Nurit Roth and Shlomi Sheffer, August 9, 2007

The projects in question are in Har Homa, Jerusalem, which consists of 60 apartments, and the Nofei Sela project in Maaleh Adumim, which consists of 102 housing units. The apartments can be completed because of an agreement between the bank and the receiver on behalf of the Danya Cebus group, which is building both projects.

 

 

 

 

-August 9, 2007 Jerusalem Post article re Danya Cebus plans to complete construction in har Homa and Maale Adumim

Africa-Israel to complete building of two Heftsiba projects
Complete Article: 
http://www.jpost.com/servlet/Satellite?pagename=
JPost%2FJPArticle%2FShowFull&cid=1186557403465

The Jerusalem Post, Matthew Krieger, August 9, 2007

Bank Hapoalim said Tuesday that Heftsiba customers who purchased apartments in Har Homa's "Meduragai Har Homa" and Ma'aleh Adumim's "Nofei Haselah," will be able to move in to their apartments following the completion of their construction, which will be carried out by the construction company Dania Sibus. The apartments are already at an advanced stage of construction, awaiting only to be connected to power and water lines. According to Hapoalim, Dania Sibus, a subsidiary of the holding company Africa-Israel, will do its utmost to complete the construction of the combined 162 residential units as quickly as possible.

 


 


-October 15, 2007 article in Jerusalem re court delay in Danya Cebus plans to complete construction in Har Homa and Maale Adumim

Court Blocks Hapoalim, Danya Cebus Deal 
Complete Article: 
http://www.jpost.com/servlet/Satellite?pagename=
JPost%2FJPArticle%2FShowFull&cid=1192380556221

The Jerusalem Post, Matthew Kreiger, October 15, 2007

The Tel Aviv District Court has blocked, temporarily, the August agreement reached between Bank Hapoalim and Africa-Israel's construction unit Danya Cebus under which the bank agreed to pay some NIS 10 million for the completion of 162 Heftsiba residential units that had been under construction when Heftsiba went bankrupt in July, the bank said on Sunday.

As soon as the agreement is approved by the court, the residential units, which are located in Ma'aleh Adumim and Har Homa, will be completed and the tenants will be permitted to take possession, the bank said, stipulating that tenants must complete all necessary paper work and payments before being handed the keys to the apartments.

 

 

-August 2, 2007 article in Globes on Heftsiba’s collapse and money Heftsiba owed to Danya Cebus for on-going projects

Heftsiba on verge of collapse;
Electra Real Estate has cancelled its acquisition deal. Heftsiba faces over NIS 1 billion in debt, as buyers overrun apartments and move in.

Globes [online] - Israel's Business Arena
August 2, 2007 Thursday
BYLINE: Ron Paz and Golan Fridenfeld

 

Amid deepening questions regarding Heftsiba Building Development & Investments Ltd.'s financial stability, and reports of hundreds of apartments being overrun by worried buyers, the real estate firm appears to be on the verge of collapse. Earlier today, Electra Ltd. (TASE: ELTR) announced that it has cancelled its acquisition of Heftsiba Building Development & Investments Ltd. and will try to recover both the NIS 30.1 million it paid for the company as well as $12.5 million in Heftsiba bonds in its possession. The company added that its maximum exposure to Heftsiba is NIS 170 million.

Pangaea Real Estate Ltd. (TASE:PNGD) also notified the TASE that it would not exercise its option to buy shares in Heftsiba Building.

Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY.PK) subsidiary Danya Cebus Ltd. (TASE: DNYA) also said that it was owed NIS 30 million by Heftsiba for past and ongoing work for the company.

Faced with debts of about NIS 1.25 billion, Heftsiba is set to turn to the courts to ask for stay of proceedings against it. Its collapse would leave suppliers and apartment buyers without much of their money. According to estimates, Heftsiba has NIS 450 million of current debts, including checks to suppliers that were dated through 2010; NIS 300 million of bonds issued to institutional investors; up to NIS 400 million in bank loans; NIS 30 million owed to Danya Cebus Ltd. (TASE: DNYA); and NIS 10 million owed to Solel Boneh.

While almost every Israeli bank has loaned money to Heftsiba, it appears that the biggest lender is Israel Discount Bank (TASE: DSCT), which is allegedly owed NIS 120 million.

The company is owned by president Mordechai Yona and his son, Boaz Yona, who serves as CEO and chairman.

During the course of the day it was not possible to receive a response from Heftsiba.

Hundreds of families invaded apartments that the company built in Modi'in Ilit, a new haredi (ultra-orthodox) town, worried about Heftsiba's liquidity. Information obtained by "Globes" indicates that hundreds of families last night invaded the apartments that they had bought. At 6 am today, security guards, apparently hired by Heftsiba's receiver, arrived at the building site to ensure that no construction material would be stolen.

In the Ramat Heftsiba project in Beit Shemesh, dozens of apartment buyers, acting on rumors of Heftsiba's bankruptcy, took over their apartments which are still under construction. The police did not attempt any evacuations, saying they had not received a complaint from the company.
In addition, hundreds of company employees, who have not been paid for months, were notified that the company is bankrupt.

The Modi'in Ilit project, which is also known as Matityahu East (Kiryat Sefer), comprises 450 mostly three-room apartments in buildings of 5-6 floors each. The Modi'in Ilit Local Authority is located just east of the Green Line, near the city of Modi'in. The apartments have stood empty for 18 months, and may not legally be occupied following a High Court of Justice ruling in early 2006.
The Kiryat Sefer project was initiated by the Binyan Shalem NGO, which is affiliated with the Degel Hatorah party. Heftsiba Building was the chief contractor for the project. The apartment buyers, mostly poor and lower middle class haredi families paid $100,000 each for the apartments, into which they have not been able to move.

Published by Globes [online], Israel business news - www.globes.co.il - on August 2, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

 

 

-August 23, 2007 article in Globes noting Danya Cebus plans to complete five projects started with Heftsiba

First ever quarterly loss for Danya Cebus;
Danya Cebus CEO: We're trying to minimize our exposure to Heftsiba. We're trying to complete our Heftsiba projects for their tenants.

Globes [online] - Israel's Business Arena
August 23, 2007 Thursday
BYLINE: Gil Shlomo and Roy Meltzer

Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY.PK) contracting subsidiary Danya Cebus Ltd. (TASE: DNYA) today published its financial report for the second quarter of 2007. The company posted its first ever quarterly loss, which it attributes to unpaid bills by Heftsiba Building Development & Investments Ltd., which collapsed in August.

Danya Cebus posted a pretax loss of NIS 28.4 million for Heftsiba projects. The result is a net loss of NIS 21.1 million for the second quarter, compared with a net profit of NIS 8.6 million for the corresponding quarter of 2006. Revenue totaled NIS 406.9 million for the second quarter, up 27% for the corresponding quarter.

The company's construction and infrastructure contracting orders backlog totaled NIS 3 billion at the end of June: NIS 1.6 billion in construction and NIS 1.4 billion in infrastructure contracting. Shareholders' equity totaled NIS 176.9 million at the end of June, NIS 50 million less than at the end of 2006, mostly because of a dividend distribution.

Danya Cebus CEO Ofer Kotler said, "The collapse of Heftsiba has created a business effect that must be analyzed and the lessons learnt. However, I don't think that it will affect the real estate industry as a whole, or have a material impact on Danya Cebus."

Kotler continued, "Heftsiba's collapse will mainly affect the regulators and the handling of interactions between developers, apartment buyers and the banks.
"We had considered in the past severing our ties with Heftsiba, but that would have been throwing out the baby with the bathwater. We've decided to try to minimize our exposure, and we'll reduce it to zero by year-end. Heftsiba's payment ethic was systematically poor, and we had problems collecting payment throughout my term as CEO."

"Globes": How do you see the future developments regarding Heftsiba?

Kotler: "The next stage will be to complete the projects now under construction, subject, of course, to approvals and all legal procedures. We're currently building five projects for Heftsiba. Our goal is to try to complete them so that the tenants can occupy their apartments. The fact that we placed guards on the apartments to prevent squatting was for the benefit of the tenants, because that's how we prevent vandalism."

What about the Israel Tax Authority investigation into your dealings with Heftsiba?

"As we notified the Tel Aviv Stock Exchange, we have a professional dispute with the VAT authorities regarding the timing of accounting expenses for the projects we built for Heftsiba in recent years. I have nothing more to add to this subject."

Published by Globes [online], Israel business news - www.globes.co.il - on August 23, 2007
© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

 

 

 


Sources re Boymlegreen management of Green Park project

 

 

-July 31, 2008, Land Grabs and Lawsuits, The Montreal Mirror, Jesse Rosenfeld

http://www.montrealmirror.com/2008/073108/news2.html

According to a spokesperson from Green Park and Green Mount’s business partners Danya Cebus construction company, the two companies are owned by wealthy American businessman Shaya Boymelgreen. Danya Cebus received a subcontract for the Mattityahu East project in 2004 and the spokesperson says the two companies are part of Boymelgreen’s business conglomerate.

“Green Park and Green Mount—as part of the Boymelgreen group—subcontracted to Danya Cebus, with the [Israeli] government’s approval in awarding contracts,” says a Danya Cebus spokesperson. “Boymelgreen was the group that won the contract and Danya Cebus is acting as the subcontractor.”

A subsidiary of Africa Israel Investments LTD, Danya Cebus is owned by Israeli billionaire Lev Leviev.

 

 

-July-August, 2006, OFFSHORE ZIONISM, New Left Review, Gadi Algazi

Complete Article: http://www.newleftreview.org/?view=2624

The main entrepreneurs involved in the expansion of Modi‘in Illit are Lev Leviev, one of Israel’s most powerful businessmen and an owner of Africa Israel Investments; Leviev’s business partner Shaya Boymelgreen, an American real-estate investor; Mordechai Yona, the former head of the Contractors Association; and Pinchas Salzman, an orthodox businessman.

 

-April 11, 2006, Flats Buyers in Modi'in Illit not to be harmed, Tsofar, No'am Adiri

Flats Buyers in Modi'in Illit not to be harmed
Original Hebrew: 
http://www.tsofar.com/printVersion.asp?article_id=504

By No'am Adiri
Tuesday, April 11, 2006

(Translation by Adalah-NY)

"Flats buyers in my residential project, Green Park, in Modi'in Illit, will not be harmed", developer and businessman Yeshayahu Boymelgreen promised. He said this in an interview for the religious weekly Ba'Kehila. Boymelgreen didn't say how many flats buyers are involved.

Construction at Green Park has recently been stopped, following a Court petition concerning ownership of the land. The petition is being discussed these days in Court. In the interview, Boymelgreen said: "I entered the project almost at the end of the road. Less than 100 flats remained to be sold. Some of the flats buyers have bank guarantees. I vouch “ no one among the flats buyers is to be harmed, even if he doesn't have a bank guarantee. Within 5 weeks, with the advance of the legal procedures, we will know better the status of the project."

In the interview, Boymelgreen also reveals that 40 years ago, he saved the Rabbi of Gur from drowning. Boymelgreen said that while he was a young juvenile, he went one morning to the sea, and found a Jew about to drown. He leaped and saved him, not knowing who he was. Only when he got to the shore and three attendants of the Rabbi hurried towards him, he found out that he saved the Rabbi of Gur, who went early in the morning to bathe in the sea.

Boymelgreen invested in recent months more than $400 million in real-estate in Israel. He bought the control in the building company Azorim for $318 million, bought the Assuta plot in north Tel Aviv for $47 million, and also bought 50% of Pollar Real-Estate for $42 million. In the Ba'Kehila interview, Boymelgreen speaks about his personal life and his donations, but not on his real-estate investments.

In the interview, Boymelgreen says he wouldn't come to live in Israel, since he has business in the USA, but from now on, he will spend longer periods of time in Israel. He explained that during the last year, he decided to invest in real-estate in Israel, since he doesn't want to have all his business in one country (USA), and if to invest in another country “ then in Israel.

Boymelgreen, born in Israel, lived here until age 17, went to the USA to study at a Khabad Yeshiva, and hasn't returned until now. He said the fact he knows the country and the language should help his investments here. Boymelgreen runs his business here from offices in the 25th floor of the Gibor Tower in Ramat-Gan.

He further said in the interview: "I don't know how to build, but I have an instinct for identifying the potential of every place and for finding out which type of building best suits each place".

In the interview, Yeshayahu Boymelgreen reveals some details of his life. He says that after graduating the Khabad Yeshiva, he looked for a job that doesn't require good English. He started working in a small diamond mine. Later he established a factory for the elimination of asbestos residues. About 10 years ago, he first entered the building sector, using "small fortune" earned in previous business. On September 2001, he established a joint company with Lev Leviev, where Leviev has 65% and Boymelgreen 35%. The company builds a series of projects, mostly residential, in New York.

Boymelgreen says “ perhaps hinting at Leviev "I don't have a private airplane". Yet he describes Leviev as "my good friend". He says Leviev advised him how much of his profits to give to charity, under the Jewish principle that 10% of every profit should be given to charity. Boymelgreen doesn't answer the question if the partnership between the two in the USA is to continue, even after Boymelgreen will run the Azorim building company “ a major competitor of Africa-Israel [owned by Leviev] in the residential building market in Israel.

 

 

-February 16, 2006 article in The Marker, Tel Aviv Comes up in the Sights of Jewish Real Estate Developers from New York

Tel Aviv Comes up in the Sights of Jewish Real Estate Developers from New York
Original Hebrew: 
http://sf.tapuz.co.il/shirshur-579-72413537.htm

Buy(in): The Marker (a section in the newspaper Ha'aretz) 16.2.06
(Translation by Adalah-NY)

The real estate market in Tel Aviv is heating up. In the past few days it became clear that the decline in the building of new projects ended in 2005, and just in two days here come along two big investors with interests in lands for building in Tel Aviv. A few days ago 'The Marker' published that the Israeli-New Yorker entrepreneur Ofer Yardeni plans to build 2,000 apartments in Tel Aviv worth 500 million dollars, and yesterday Shaya Boymelgreen announced that he is involved in negotiations for a huge deal in central Tel Aviv.

Yardeni owns 20 buildings with a total worth of a billion dollars shows that it is time to enter investments in real estate in Israel. It seems like Boymelgreen believes this too.

The company 'Boymelgreen Capital' (formerly Gambit) which was purchased not long ago by Boymelgreen announced yesterday that it is negotiating to obtain a territory of 9 dunams on which sits the hospital 'Asuta' on Jabotinsky Street in Tel Aviv for a sum of 47 million dollars.

Indeed, Shaya Boymelgreen entered the Israeli market through the main door only two months ago, but he was familiar with Israeli tycoons for a long time before. The ulta-orthodox entrepreneur partnered with Lev Leviev and 'Africa Israel' in the building of a hotel in Las Vegas, a 1.5 billion dollar investment. Boymelgreen invested also in a project less glamorous in Texas in the building of residential neighborhoods in partnership with Africa Israel, Dudi Weissman, and Shraga Biran.

In his last interview with 'The Marker' Boymelgreen said that he partnered with Leviev and Africa in projects in the U.S. amounting to no less than 8 billion dollars. The stocks in Gambit, of which he owns more than 80%, are not his first exposure to Israel. Of his investments in Israel, Green Park is noteworthy, a building project in Modi'in Illit, as well as a chain of stores selling clothing for ultra-orthodox kids called "Kiddie Chic."

Boymelgreen is a Chabad affiliate who left Israel as a young man, and lived today in Crown Heights in New York and is the master of a real estate empire in Israel. He's involved in the building of about 30 building sin Miami, Las Vegas, and Toronto. Recently Boymelgreen obtained the headquarter office of Chase Manhattan Bank in New York worth 170 million dollars. He has plans also to transform the dismal area around ground zero where the twin towers were to luxury residences and has hired Georgio Armani as the designer.

Recently Boymelgreen had also entered the banking sector, when he opened the first branch of Liberty Point Bank in New York. In the same interview he boasted that he will transform Liberty to the likes of the banking empire of the Safra family and proclaimed that Gambit is preparing to sign on "the best, most valuable, and most aristocratic property in Tel Aviv."

 

-May 8th, 2005, Chabad On-line

Boymelgreen is the controlling interest holder in the Green Park project
  Original Hebrew: http://www.col.org.il/show_news.rtx?artID=13305

The wealthy Chabadnik, Mr. Shaya Boymelgreen is the holder of controlling interest in the Green Park Project, which is proceeding and is located, these days, in Modi’in Illit. The project initiated from the wealthiest in Israel and will encompass 5,800 apartments, 3000 of which were authorized for construction immediately, according to what was revealed this weekend in the local Bnai Barak newspaper. Until now it was advertised that the controllers of the project are a group of investors from Canada, represented by the construction company Danya Cebus, a subsidiary of Africa/Israel. Now, it becomes clear for the first time that Mr. Shaya is the controlling interest holder of the project as his personal involvement was exposed, following his arrival during the summer holiday for a first visit to the project.

 


Other Sources and Related Documentation

 

 

$50 Million Private Investment In Ariel.
Excerpt: http://findarticles.com/p/articles/mi_hb4803/is_199906/ai_n17437220

1 June 1999
Israel Business Today
Volume 13; Issue 6

Ariel is Israel's largest city located far across the green line, (the border before the Six-Day War in 1967) arid has more than 16,000 residents. Some residents, as a result of the recent election in Israel and the change in government, are a bit apprehensive about the city's future. They received a welcome sign of relief when a private contracting company (Danya Cebus) announced that the company is negotiating to build 350 two family cottages in the city. The company will invest $50 million in the project and plans on selling each cottage for $130,000. An investment of this size will have a major impact on the local economy of the city; but far more important is the political statement that a project of this kind makes. If a private company is willing to make an investment of this size and believes it can find buyers for the cottages - even in a slow economy - it shows that the political and economic future of the city is assured.

Places like these need more demographic and economic investment to help them know they are on the map to stay.

FULL TEXT Israel "21" Publishers THIS IS THE FULL TEXT: COPYRIGHT
1999 Israel Business Communications Subscription: Published weekly.
Contact Sagit Publishing International Ltd., P.O. Box 30617, Tel
Aviv, Israel 61306. Phone (3) 376-666. FAX (3) 378-666. U.S. Contact
(212) 268-1690.

 

 

Israel's Wall Hems in Livelihoods -- and Dreams

USA Today, Aug. 8 2003
http://www.usatoday.com/news/opinion/editorials/2003-08-17-omar_x.htm

 

 

The fruits of his efforts lie on the wrong side of the separation fence

Meron Rapoport, Ha'aretz, Sept. 9 2007
http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=900949

 

 

Update from Jayyous: Israeli settlement seizes Palestinian farmland

David Bloom, World War 4 Report, Dec. 10, 2004
http://www.ww4report.com/105/palestine/jayyous

 

 

Israelis hasten land grab in shadow of wall

Chris McGreal, UK Guardian, Dec. 14, 2004
http://www.guardian.co.uk/israel/Story/0,2763,1372963,00.html

 

 

Letter from Jayyous

David Bloom, The Nation, Feb. 18, 2004
http://www.thenation.com/doc/20040308/bloom

 

 

Under the Guise of Security: Routing the Separation Barrier to Enable the Expansion of Israeli Settlements in the West Bank

B'Tselem -Bimkom, December 2005
http://www.btselem.org/Download/200512_Under_the_Guise_of_Security_Eng.pdf

 


 

 

Lidar website advertising houses in Zufim:

http://www.webadmin.co.il/clients/lider/

 


 

Leviev Loses Quarry Case

Ha'aretz, Aug. 29, 2004

 

 

 

 

Fenced Out

Ada Ushpiz, Ha'aretz, 16 Sept. 2005
http://www.kibush.co.il/show_file.asp?num=8350

 


 

Security or greed

Avraham Tal, Ha'aretz, Apr. 4 10 2006
http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=707219

 


 

Settlers on Israel's eastern frontier

Gadi Algazi, Le Monde Diplomatique, Aug. 2006
http://mondediplo.com/2006/08/04settlers

 


 

"The Settler National Fund", Yediot Aharonot,

Shosh Mula and Ofer Petersburg, Jan. 27 2005.
http://www.peacenow.org/hot.asp?cid=247

 


 

One Palestinian Village Struggles Against Israel's Ever-Expanding "Settlements"

By Mohammed Khatib, AlterNet. Sept. 26, 2007.
http://www.alternet.org/story/63640/

 


 

Help Us stop Israel's Wall Peacefully

Mohammed Khatib, International Herald Tribune, July 12, 2005
http://www.iht.com/articles/2005/07/11/opinion/edkhatib.php

 


 

Getting Carried Away

Larry Derfner, The Jerusalem Post, May 7, 2006
http://www.jpost.com/servlet/Satellite?cid=1145961277201&pagename=JPost%2FJPArticle%2FShowFull

 


 

Gandhi Redux

Meron Rapaport, Ha'aretz, June 9 2005
http://www.haaretz.com/hasen/pages/ShArt.jhtml?itemNo=586551

 


 

Legitimization of Land Theft

Ha'aretz Editorial, Feb. 27 2007
http://www.haaretz.com/hasen/spages/830963.html

 


 

Hapoalim: Heftsiba Is Lying In Its Motion To Halt Legal Steps

Nurit Roth and Shlomi Sheffer, Ha'aretz, Aug 9 2007
http://www.haaretz.com/hasen/spages/891458.html

 


 

Africa-Israel To Complete Building Of Two Heftsiba Projects

Matthew Krieger, The Jerusalem Post, Aug 9 2007
http://www.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1186557403465

 


 

$50 Million Private Investment In Ariel

Israel Business Today, June, 1999
http://findarticles.com/p/articles/mi_hb4803/is_199906/ai_n17437220

 


 

Advisory Opinion, International Court of Justice at the Hague

July 9 2004.
http://domino.un.org/unispal.nsf/c25aba03f1e079db85256cf40073bfe6/3740e39487a5428a85256ecc005e157a!OpenDocument

 


 

LAND GRAB: Israel's Settlement Policy in the West Bank

May 2002
http://www.btselem.org/Download/200205_Land_Grab_Eng.pdf

$50 Million Private Investment In Ariel.$50 Million Private Investment In Ariel.s