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Leo NoeBritish-Jewish billionaire real estate investor
Country:
 Great Britain |
Content:
- Leo Noe - British-Israeli Real Estate Investor
- F&C REIT - Israel's Largest Owner of Shopping Centers
- Key Player in the Acquisition of Shufersal
- Transition to Larger Equity Groups
- Philanthropic Contributions
- The London Explosion Incident
Leo Noe - British-Israeli Real Estate Investor
Leo Noe is a British-Israeli billionaire and real estate investor. With a net worth of at least £600 million, he was ranked 70th on the Sunday Times Rich List in 2009. Noe is the founder of the consultancy group Lee Baron Commercial Limited and served as the executive director of Bourne End Properties PLC from 1989 to 1997.
F&C REIT - Israel's Largest Owner of Shopping Centers
Leo Noe's British-Israeli company, F&C REIT, is currently the largest owner of shopping centers in Israel. The company is estimated to be worth approximately €1.5 billion or £1.2 billion. One of the crown jewels in the REIT collection is the shopping center located at the entrance to Nahariya.
Key Player in the Acquisition of Shufersal
Leo Noe played a significant role in the attempted takeover of Shufersal, Israel's largest supermarket chain. He acquired a majority stake in the company from Nochi Dankner, solidifying his position as a major player in the Israeli business landscape.
Transition to Larger Equity Groups
The merger of REIT, valued at £3.45 billion at the time, with F&C, valued at approximately £5.2 billion, marked a shift in Noe's business focus. He moved away from family trusts and private cash transactions towards larger equity groups. This transition has positively impacted the scale and scope of Noe's operations, with his company now having branches in India, South America, Africa, and Europe.
Philanthropic Contributions
Leo Noe devotes a significant amount of his resources and energy to charitable activities. He actively collaborates with the Rachel Charitable Trust, the Special Educational Needs project, and the Kemach Foundation. Education projects receive special attention from Noe, reflecting his commitment to providing support in this field.
The London Explosion Incident
In the summer of 2009, one of Leo Noe's London stores was hit by an explosion, causing damage to both the store and the apartments above it. Noe arrived at the scene promptly, with local Jewish community security personnel already patrolling the area. He was able to reach the location quickly thanks to his Bentley car, leaving a family celebration to respond to the incident. The circumstances of the explosion were never officially disclosed, and it remains unclear if they were related to Noe's professional activities.
