Subscribe to Print Edition | Wed., June 24, 2009 Tamuz 2, 5769 | | Israel Time: 01:59 (EST+7)
Haaretz israel news English
web haaretz.com
Haaretz Toolbar
Diplomacy
Defense Jewish World Opinion National
Print Edition
Car Rental
Books Haaretz Magazine Business Real Estate Focus U.S.A. Travel Week's End Anglo File
Share |
Hanan Mor sees all the right angles in TAV Kirya project
By Guy Liberman
Developer hoping to move into the Big Orange with green tower

Until now, the Hanan Mor development company has kept to business on the outskirts of Tel Aviv. Its plan was to build where people leaving Tel Aviv's crowded center would want to live.

But the company's actual function, like that of any other company, is to identify opportunities when they arise, and now it sees hope in Tel Aviv itself, spelled out company founder and controller Hanan Mor at a press conference yesterday.
Advertisement

"Now is the time to buy land and build for families and people," said Mor.

Hanan Mor (the company) will be competing in the Israel Lands Administration tender - whenever that may happen, nobody can say - for the southern area of the Kirya lot, which is smack in the center of in Tel Aviv. It's one the most prime piece of real estate in the city.

The south Kirya is the area between Ha'arba and Kaplan streets in Tel Aviv, south of the sprawling Kirya army base. It lies within the neighborhood called Sharona, southwest of the Azrieli complex of office towers.

Also, revealed Mor the manager, the company is turning green.

"We want to build the first green tower in Tel Aviv," he told the press. "The tender for the south Kirya is a wonderful opportunity to implement the new housing concept we have, which emphasizes the environmental aspect."

The buildings the company plans to erect will economize on electricity, by calculating its angles to take advantage of the sun's rays, Mor explained.

To drive home the point, perhaps, Mor's partner Avi Maor interjected, "The Kirya Tower is an example of the most anti-environmental tower possible, because it's built at the wrong angles."

Hanan Mor ended the first quarter of 2009 with shareholder equity of NIS 37 million. Its bid for the south Kirya area will take more than it has at hand.

However, the company plans to beef up shareholder equity by selling apartments it's built that haven't appeared in its financial statements yet. That's because they haven't been delivered to their buyers yet, explained Mor.

But he is confident Hanan Mor can compete to build two of the three towers planned for the south Kirya by itself. Together with a partner, it could contend to build all three towers planned for that plot.

This would be the second tender the Israel Lands Administration is publishing for the south Kirya. The first, released in late 2008, fell through because the bids were below the minimum that the state decided was acceptable.
PROMOTION: Mamilla Hotel
Bookmark to del.icio.us  
 
U.S. support for Israel
Poll: Most Americans think Palestinians must recognize Israel's right to exist.
Knesset scandal
How did one little cockroach bring the entire Knesset cafeteria to its knees?
Special Offers
Advertisement
hotel Jerusalem
David Citadel Hotel, come stay at the finest of Jerusalem hotels.
ISRAEL ARMY SURPLUS STORE
IDF insignia,Uniforms, Paladium Boots Watches, Israel Army T-shirts & Collectibles
Dead Sea Skin Care
Quality cosmetics from the Dead Sea. Coupon code HAARETZ for 12% off!
Eldan Rent a Car
Israel's leading car rental company offers you a 20% discount on online reservations
Junkyard
Junk a car - get free towing nationwide and a tax-deductible receipt
More Headlines
00:01 Obama takes tougher stance on Iran violence
22:31 Iranians in the U.S. tell Haaretz what's on their mind
18:14 Israel: Iran's aggression makes it greatest threat to world peace
23:53 Israel rejects report Shalit about to be moved to Egypt
22:34 Most Americans think Palestinians must recognize Israel's right to exist
18:21 Barak authorizes construction of 300 new homes in West Bank
17:51 How did one cockroach bring the Knesset cafeteria to its knees?
22:56 Updated: Iran interactive - images and Tweets from the streets
20:58 WATCH: Daily news round-up from Israel
23:58 Netanyahu: Settlements debate is a waste of time
13:24 'Iran charges slain man's family $3,000 for bullets that killed him'
16:43 Iran accuses UN chief Ban Ki-moon of meddling
10:55 Olmert offered to withdraw from 93% of West Bank
16:38 Russia aims to host Middle East peace parley by end of 2009
23:12 Israel releases jailed Hamas parliament speaker
17:55 Australia Deputy PM: More honesty needed in Mideast peace talks
Home | TV | Print Edition | Diplomacy | Opinion | Arts & Leisure | Sports | Jewish World | Site rules |
| Israel 2009 election results | Makom: Engaging on Israel
| Search engine marketing
Haaretz.com, the online edition of Haaretz Newspaper in Israel, offers real-time breaking news, opinions and analysis from Israel and the Middle East. Haaretz.com provides extensive and in-depth coverage of Israel, the Jewish World and the Middle East, including defense, diplomacy, the Arab-Israeli conflict, the peace process, Israeli politics, Jerusalem affairs, international relations, Iran, Iraq, Syria, Lebanon, the Palestinian Authority, the West Bank and the Gaza Strip, the Israeli business world and Jewish life in Israel and the Diaspora.
© Copyright  Haaretz. All rights reserved