Why will the Sdot Yam Kibbutz pay a fine of 360,000 NIS?The Haifa District Court accepted the state's appeal against the fine imposed by the lower court in the amount of 150,000 NIS. In December 2017, the Sdot Yam kibbutz and a company owned by it were found guilty of illegal land use without a permit on land designated as "open public space" for 17 years. Indeed, the land was used as an event and...

The Jerusalem District Planning and Construction Committee has approved the program to expand the Hamashbir building in the capital, which includes the addition of 98 apartments. WeWork, which currently rents two floors of office space in the building, is expected to rent the apartments and operate the WeLive system. The preparations for the first residential complex in Israel have been made. The...

The tax authorities are examining the taxation of kablanim (builders) who are left with unsold apartments. The tax administration wants to lower the prices of entrepreneurs who hold unsold apartments in new projects, to which they respond: "an undemocratic gesture." Furthermore, the tax administration will verify whether the entrepreneurs' reports on profits are accurate. "This is a movement we are...

The College of Management and Afcon Holdings will establish a 500-room dormitory complex. The project will be carried out jointly by the two organizations. According to the general director of the flexible college, the subsidized rents will amount to 2,000 NIS per month. The College of Management and Afcon Holdings of the Shlomo group announced today the establishment of a 16,000 square meter student...

The Internal Affairs Committee recommends not closing Sde Dov before receiving building permits During the committee meeting, members stated that a decision similar to that of Herzliya Airport should be implemented at Sde Dov: to only close the site when permits are received for the neighborhood planned for construction. MK Yoav Kish: "Sde Dov is a very important public resource that has provided...

Recent data indicates a shortage of 5,000 housing units per year in the Arab society. Even the "Mehir Lamishtaken" program does not really help members of the Arab society, to whom only 2.3% of the apartments are allocated. It is our responsibility to restore the trust of this large public in the state, through a fundamental step that concerns each of them: housing. According to the report from the...

The partnership between Weiss and Sufrin has received an option to purchase 3.5 dunams in Petah Tikva. This is a private plot located on Basel Street, in the Kiryat Aryeh employment area, where today single-story buildings are rented to an educational institution. A partnership between the Weiss and Sufrin groups has enabled the acquisition of a 3.5 dunam plot in Petach Tikvah to build an office tower....

The land, owned by Amot Investments, is intended for the construction of a prestigious residential project comprising only 17 apartments. The buyers: brothers Paul and Jeffrey, owners of the Arena Mall shopping center in Herzliya. The company Amot Investments, led by Natan Hetz, is finalizing the sale of a plot it owns on Rothschild Boulevard in Tel Aviv, which it is selling to Canadian brothers Paul and...

The BIG group (shopping centers) has received a building permit for the establishment of BIG-Yehud Monosson. The center, which will open in two years and cover a total area of 25,000 meters, will include fashion chains from the largest Israeli brands, as well as restaurants and entertainment venues. Amount invested: approximately 300 million NIS Big Shopping Centers indicates that it has received a...

The finance and economy ministers have signed cooperation agreements with their German counterparts. Trade between Israel and Germany is around 8 billion dollars per year. The agreements are likely to advance the fields of technological innovation, in which Israel has an advantage. The Chief Economist Division will be responsible for relations with the German Treasury. Finance Minister Moshe Kahlon and...