Canada-Israel Development Corp. and Ronny Maneh plan to jointly offer $45 million. Adi Kaizman is reportedly offering $43 million.
Canada-Israel Development Corp. and real estate broker Ronny Maneh plan to jointly offer $45 million for the Country Club lot, west of Glilot Junction, owned by Azorim Investment, Development and Construction Ltd. (TASE: AZRM) and Isal-Amlat Investments Ltd. (TASE:ISAL). Businessman Adi Kaizman, the husband of Strauss-Elite group chairperson Ofra Lahat-Strauss, is also negotiating to buy the lot. Industry sources believe that he will offer $43 million for it.
Canada-Israel and Maneh recently offered Ofer Brothers $40 million for its lot in the Herzliya Pituah Marina. Ofer Brothers ultimately sold the lot, slated for 336 apartments, to developer Ronny Yitzhaki for $48 million.
Canada-Israel also recently bid for Lot 11 in Tel Aviv’s luxury Park Zameret neighborhood, zoned for a high-rise with 164 apartments.
“Globes” recently reported that Iranian-born US-Jewish billionaires Younes and Izak Parviz Nazarian were negotiating to buy the Country Club lot for $42.5 million.
Published by Globes [online], Israel business news - www.globes.co.il - on January 23, 2006