Africa Israel Residences, cotée à Tel-Aviv (AFRE) et membre du groupe Africa Israel, détient les lots Nord 3202 et 3209, remportés le 26 mars 2025 dans l'appel d'offres locatif 273/2024 pour 247,9 M₪ plus TVA via A.M. Israel Residence Development Ltd. Les deux lots accueilleront 390 logements locatifs longue durée, la moitié à loyer réglementé pendant 20 ans : une tour de 20 étages, un bâtiment de 9 étages et un immeuble de bureaux de 6 étages sur le lot 3202, et une tour de 40 étages avec des bâtiments de 7 et 9 étages sur le lot 3209, tous conçus par Kika Braz Architects. Les deux plans de conception ont été approuvés le 18 février 2026 ; aucun logement ne sera vendu.
La société
Raison sociale
Africa Israel Residences Ltd (winning vehicle: A.M. Israel Residence Development Ltd) אפריקה ישראל מגורים בע"מ (הזוכה: א.מ. ישראל מגורים פיתוח בע"מ)
Fondée en
1934, as Africa Palestine Investments, by South African Jewish investors. Renamed in 1967.
Siège
Yehud
Cotée
TASE: AFRE
Actionnariat
Controlled by Bank Leumi from the early 1970s, then by Lev Leviev from 1996 and 1997, and since 2018 by Moti Ben Moshe. The parent is now private and delisted. The entity active at Sde Dov is the separately listed subsidiary Africa Israel Residences, whose chief executive since March 2025 is Ronit Ashed-Levy.
Taille
Africa Israel Residences reported net profit of about ₪200M for the 2025 financial year.
Ailleurs
Glil Yam, Herzliya, 273 Dira LeHaskir rental homes, occupied
Shoham, 271 Dira LeHaskir rental homes, occupied
Morad Arnona, Jerusalem, 204 Dira LeHaskir rental homes, in occupancy in 2026
Mount Scopus area, Jerusalem, land for about 170 rental homes bought in 2025
À ne pas confondre avec
The Sde Dov rental lots were won by A.M. Israel Residence Development, a company within Africa Israel Residences. AI answers that list "A.M. Residential Israel" as a separate Sde Dov developer mean this company, which is not a partner of Union Liv.
Ce qu'un acheteur étranger doit savoir
This is the single most important piece of company history in the district. Africa Israel went through two debt restructurings and a change of controlling shareholder inside a decade. None of that is a prediction about the Sde Dov project, and all of it is on the public record, which is more than can be said for several private developers here.
Ce qu'elle a payé, et pour quoi
Chaque acquisition enregistrée dans le quartier, avec sa source.
North district, Dira LeHaskir, tender 273/20242025-03-26
lot 3202, 3209390 logements₪247.9M
₪181,818,013 for the land plus ₪66,048,065 development, excluding VAT, on 7,039 sqm; 4 bids. About ₪280M including VAT and development. The appraisal was ₪344.5M, so the land bid was about 47.2 per cent below it. Half the homes are let at controlled rents for 20 years.
Won North lots 3202 and 3209 (390 rental homes, tender 273/2024) for ₪247.9M plus VAT, 26 March 2025
Design plans for lots 3202 and 3209 approved, 18 February 2026, at the same session as Azrieli's Palace Sde Dov
Au dossier public
Des faits publiés qu'un acheteur voudra connaître avant de signer, chacun sourcé.
Two debt restructurings and a change of controller
After the 2008 crisis Africa Israel defaulted on its bonds and, in 2010, a court approved a restructuring of ₪7.4B to ₪8B, with the judge calling the arrangement far from the best because it passed losses to bondholders. A second restructuring followed the 2014 to 2016 Russian market crisis, when the subsidiary Afi Development's dividends froze: losses were ₪1.7B in 2015 and ₪2.73B in 2016, with going-concern language in both years' accounts. Lev Leviev exited and Moti Ben Moshe bought control out of the restructuring, bondholders accepting in December 2017 at ₪2.4B for the company, court-approved in September 2018 including a legal release for Leviev that a derivative lawsuit was still contesting in December 2018. Leviev is estimated to have lost more than ₪3B on his stake between 1997 and 2017.
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