Property

Tycoon gets back £21m in fraud battle

By Paul Berger, August 5, 2010

A British property tycoon has won a US court battle against an Orthodox developer who swindled him out of £23 million.

Berish Berger gave Eliyahu Weinstein, of New Jersey, $36.5 million, believing the money would be invested in two lucrative real estate deals in Philadelphia.

But a court heard the deals were part of a scam targeting wealthy members of the Orthodox community. The Sunday Times Rich List recently estimated Mr Berger's net worth at £35 million.

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Tycoon gets back £21m in fraud battle

By Paul Berger, August 5, 2010

A British property tycoon has won a US court battle against an Orthodox developer who swindled him out of £23 million.

Berish Berger gave Eliyahu Weinstein, of New Jersey, $36.5 million, believing the money would be invested in two lucrative real estate deals in Philadelphia.

But a court heard the deals were part of a scam targeting wealthy members of the Orthodox community. The Sunday Times Rich List recently estimated Mr Berger's net worth at £35 million.

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The crunch isn't over for property

By Candice Krieger, June 17, 2010

Property developers - indeed investors of every stripe - may wish to avert their eyes. Neville Kahn, the global leader of Deloitte's reorganisation services, who has led the administration of some of the recession's most high-profile casualties, believes it is the property players who could prove to be the fall guys of 2010.

Mr Kahn, who ran the administration of Woolworths, Mosaic and Stylo, says: "Whereas in the first half of 2009, we saw a lot of retailers struggling, the retailers have got their act together and are in a much healthier position.

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Israeli house prices soar to record levels

By Nathan Jeffay, June 3, 2010

Israel's housing market was the third hottest in the world during 2009, according to an international house price survey.

The Global House Price Index, compiled by the multinational property agency Knight Frank, showed that house prices in Israel increased more than in any other developed country except Hong Kong and China.

According to the survey, prices in Israel increased by an average of 21.3 per cent in the course of 2009, compared to a 3.4 per cent increase in Britain and a 3.1 per cent decrease in America.

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Adrien von Ferscht: Why we're all going rental

By Candice Krieger, May 27, 2010

New builds and major refurbishment projects are out - and top-end rentals are in.

That, at least, is the opinion of Glasgow-based international architect Adrien Von Ferscht. He argues that in the current climate, renting a high-spec house is likely to prove more attractive to homeowners than buying.

The 66-year-old, who has more than 40 years' experience creating interiors for private homes across the world, has turned his attention to the UK rentals market. He recently completed designs for 45 bespoke, luxury apartments in Glasgow intended for long-term rents.

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Please knock: £25 million hotel seeks A-list attention

By Candice Krieger, March 18, 2010

Alon Bejerano has opted for a more creative role. The 31-year-old former investment fund manager is now busying himself with colour charts, wallpaper patterns, lampshades and the like. That's because Mr Bejerano is now the co-director of AB Hotels.

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Langdon wins Cherie Blair’s vote for home help

February 25, 2010

Cherie Blair has lent her support to a £1.75 million project by Langdon, supporting young Jewish adults with learning difficulties.

Mrs Blair joined Langdon leaders and clients on Monday to launch The Quadrant, an Edgware property being rebuilt and refurbished to provide one two-bedroom and two individual flats. There will also be accommodation for 24/7 carers and a drop-in community centre. Building work is expected to take 18 months.

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Reaching for the sky with Ronson

By Candice Krieger, February 11, 2010

When Gerald Ronson, one of the world’s most respected property developers, sought a new right-hand man, he had the pick of the property playing field. Yet, Mr Ronson, head of Heron International, turned to the legal trade for his candidate. Jonathan Goldstein was the chief executive of Olswang law firm when he was poached by Mr Ronson, a previous client. The duo have been working together since May 2007.

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Expert view: In property, location is still king

By David Pearl, January 21, 2010

I’ve just spent a fantastic holiday in Tel Aviv — and what a place it is. I have to confess that I’ve hardly been there in years and the change is remarkable. As a food addict, it was heaven. The restaurants are amazing. So are the Israelis.

They are having a bit of a property boom over there, so I had a quick look around to see if there were any opportunities. We’ll see.

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Chancellor's wife tours JBD flat

November 26, 2009

When Maggie Darling hosted Jewish Blind and Disabled’s 40th anniversary celebration at 11 Downing Street in October, the Chancellor’s wife promised to visit a JBD property.

True to her word, Mrs Darling breezed into the charity’s Frances and Dick James Court in Mill Hill last Thursday to tour the 42-flat facility and meet staff and tenants.

One of the first things she saw was the wall of dedications from donors, where she stopped to study the inscriptions, remarking: “It’s very moving — I cannot think of a better memorial.”

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