Business diary

Knickers will fly

By Candice Krieger, August 6, 2009

El Al will be selling Victoria’s Secret beauty products on its planes. The airline has signed a deal with the American retailer which will run from September. The products will be offered on all flights, with lingerie to be introduced later on. Oy vey — wonder how that will go down with the Orthodox jet-set?

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Osem buys yarden

By Candice Krieger, August 6, 2009

Israeli food maker Osem UK has agreed to buy British kosher food distributor Yarden GB for at least £1.9 million. Giora Zucker, MD of Osem UK, said: “This acquisition significantly increases our coverage of the UK kosher foods market.” Osem UK Limited were advised by Mishcon de Reya.

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Israel house prices on up

By Candice Krieger, July 23, 2009

Israel apartment sales are at record highs, according to a survey this month by Globes. Moreover, it showed the average maximum price people are willing to pay for a home has risen to NIS 979,746 (£152,400), 20.9 per cent more than in January.

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Ronson takes a fancy to feng shui

By Candice Krieger, July 23, 2009

Property boss Gerald Ronson doesn’t strike one as the feng shui type. But it appears he has become quite au fait with the concept. Last week, at a ceremony laying a time capsule in the foundations of Heron Tower — to be London’s tallest office building – Mr Ronson, wearing a hard hat and fluorescent jacket, explained how the capsule included an ethically-sourced tortoiseshell. He said: “In feng shui theory, the tortoise, dragon, phoenix and tiger form four kinds of energy that surround a building. The tortoise represents a strong back, protection and security.”

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Joe Lewis’s new seat

By Candice Krieger, July 23, 2009

The Bahamas-based billionaire and owner of Spurs, Joe Lewis, has gained a seat on the board of pub group Mitchells & Butlers after becoming the largest shareholder. He holds a 23 per cent stake and is believed to be interested in M&B’s property assets.

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New status for Israel

By Candice Krieger, July 16, 2009

Israel has been updated from an ‘emerging’ market to a ‘developed’ one by index compiler MSCI Barra. As of May 2010, the MSCI Israel Index will beincluded in the MSCI World Index, which includes most developed markets.

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Devono joins Stelios to boost Easyoffice

By Candice Krieger, July 2, 2009

Easyjet entrepreneur Sir Stelios Haji-Ioannou is expanding his property portfolio and has appointed Devono, the tenant representative specialist run by Robert Leigh, to help him.

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Does the recession scare Ofer or not?

By Candice Krieger, July 2, 2009

Business practice can look distinctly fishy on occasions. While Zim Integrated Shipping Services, the firm co-owned by Israeli billionaire Sammy Ofer, is postponing a purchase of new ships, another shipping company owned by Mr Ofer is apparently taking advantage of the recession to buy new ships at low prices. The reports say that through this second firm, Mr Ofer recently bought 13 cargo ships: 10 container ships, two regular cargo ships and a refrigerated ship. Sounds cool.

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Henman’s hideaway

By Candice Krieger, July 2, 2009

Andy Murray has been playing at Wimbledon — but Tim Henman? He’s been playing property — when not on commentating duty. The former British number one, Mr Henman has become an ambassador and member of The Hideaways Club. Founded by Stephen Wise and Mike Balfour, the founder of Fitness First, it offers members exclusive use of multi-million pound properties across Europe. Mr Henman says: “The concept of fractional ownership makes sense to me and I look forward to the choice the Club offers.”

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Israeli investors are buying up London

By Candice Krieger, June 25, 2009

It seems that London is proving an attractive destination for Israelis who like shopping — for property.

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