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Category: buildings

  • Michakashvilis to pay NIS 540m to keep iconic Tel Aviv buildings

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    Investor Empires

    The auction of 10 luxury buildings in Tel Aviv ended today, with an accepted bid of NIS 540 million, sources told Globes. The winning group in the auction is part of the Mikhakashvili family, which will buy the buildings from the receiver after a dispute between different parts of the…

  • Old Mutual disowns Sh3.9bn buildings in shareholder row

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    Investor Empires

    The Old Mutual Holdings shareholder battle has put the spotlight on the ownership of three properties worth a combined Sh3.9 billion after the insurer distanced itself from the assets. On August 22, billionaire businessman Joel Kibby, who owns 1.54 million shares in Old Mutual, obtained a court order preventing the…

  • New buildings must have solar panels

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    Investor Empires

    Israel’s National Planning and Building Committee has approved new regulations requiring all new non-residential buildings and homes to install solar panels on their roofs. The National Planning and Building Commission today approved new regulations requiring all new non-residential buildings and homes to install renewable energy systems with solar panels on…