Lev Leviev’s holding company, Africa Israel, is gobbling up property here in the United States as fast as it can finance. In December it bought the Chase Manhatten building in lower Manhatten for $170 million, in partnership with Israeli-born developer Shaya Boymelgreen.
Recently, Africa Israel and Boymelgreen aquired a property on the corner of Broadway and Leonard Streets in Tribeca. which it plans to convert to exclusive rental apartments. According to Haaretz and other sources, a Ground Zero tax break facilitated the purchase.
Africa Israel CEO Pini Cohen explained that the company took advantage of the business terms New York offered after the September 11, 2001, attacks on the World Trade Center, which were designed to encourage developers to build in the area. That tax break meant Africa Israel could raise capital at interest rates of only 1.75 percent a year.
Globes online, the Israeli business daily, adds that “The New York State Housing Financing Agency issued the bonds, with Merrill Lynch as underwriter.”
So what’s wrong with taking advantage of a state-sponsored tax break to build luxury rental units in Tribeca? Nothing. But potential tenants, as well as New York taxpayers, might be interested to know that Africa Israel’s subsidiary Danya Cebus is involved in expanding Israeli settlements in the occupied territories.
Israel agreed to freeze settlement expansion when it accepted the Road Map in May of 2003. But according to Peace Now’s 2004 report on outposts and settlements, as reported in Haaretz, “Large-scale construction is under way at more than 40 different settlements, with the biggest operations taking place in Ma’aleh Adumim, Betar Ilit, Modi’in Ilit, Alfei Menasheh, Adam and Har Gilo.”
Danya Cebus is the contractor for at least one of these developments. In August of last year, Globes online announced:
Danya Cebus will build the $230 million Green Park project in the haredi (ultra-orthodox) town of Upper Modi’in, Danya Cebus CEO Itamar Deutscher announced last week. The company bought 939 dunam (234.75 acres) in the residential East Matityahu lot, zoned for the haredi community.
Danya Cebus’s parent company, Africa-Israel Investments will market the project, which will comprise five-storey buildings with up to 26 apartments per buildings. The buildings will have garden apartments, penthouses, and three, four, and five-room apartments
Leviev-owned companies may also be involved in development at Zufim. There, settlers are appropriating land belonging to the Palestinian farmers of Jayyous, who are walled off from their fields by the separation barrier. David Bloom, who has reported extensively on this situation, tells me:
I was given housing brochures with Lidar’s name on it at the real estate office in Zufim. Lidar also advertises on the Zufin website, and on a poster along the settler highway near Qalqilya. I’m not sure how I first found out about the Leviev connection to Lidar — I think the real estate agent told me - but this was confirmed when an Israeli friend did a Google search in Hebrew and found record of a legal suit brought against Leviev as owner of the Lidar North quarry (in Jayyous). The geologist involved in the quarry had some disagreement with Leviev about how much he was supposed to be paid.
Globes makes mention of a Lidar Water Treatment company registered on the Israeli stock exchange, but I could not independently confirm involvement at Zufim or ownership by Leviev.
Alon Cohen of the Israeli organization Bimkom - Planners for Planning Rights tells me that the company involved is Leader, and that it is owned by Leviev. There is a Leader Holdings and Investments Company based in Israel, but I do not believe Leviev owns it. Haaretz, in an article on the settler elite, does mention “Yitzhak Zaga of Paduel, the legal consultant to the Africa-Israel company and CEO of the Leader real estate and development company.”
I would be interested in any additional information readers can provide on the developers involved in specific projects on the West Bank. International firms that are building Israeli settlements on the West Bank would provide a potential target for boycotts and activism by opponents of the occupation.
