Leo Noe
Encyclopedia
Leo Noe is a British Jewish real estate
(property) investor and billionaire.
According to news reports his worth is at least £600m and is ranked 70th in the 2009 Sunday Times rich list.
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
(property) investor and billionaire.
According to news reports his worth is at least £600m and is ranked 70th in the 2009 Sunday Times rich list.
Business accomplishments
- Executive Chairman of F&C REIT
- Established Lee Baron Commercial Limited, property consultants
- Chief executive of Bourne End Properties PLC between 1989 and 1997.
Business in Israel
- British-Israel company.
- Largest owner of shopping malls in Israel with a €1.5bn (£1.2bn) portfolio.
- REIT Israel Group (formerly known as Azorim Properties). REIT has substantial retail business in Israel such as the $20 million 11,000 square-meter shopping center at the entrance to NahariyaNahariyaNahariya is the northernmost coastal city in Israel, with an estimated population of 51,200.-History:Nahariya was founded by German Jewish immigrants from the Fifth Aliyah in the 1930s...
. - Noe is the lead buyer in a takeover in ShufersalShufersalShufersal , commonly known as Super-Sal, is the largest supermarket chain in Israel. In 2009, Shufersal had 240 stores and 10,000 employees. Shufersal stock is traded on the Tel Aviv stock market and appears on the Tel Aviv 100 index.-History:...
, buying Nochi Dankner's majority stake in the business.
Philanthropic work
- Rachel Charitable Trust, benefactor to various charities within the UK and Israel
- Special Educational Needs (SEN) in both the UK and Israel.
- Pledged £750,000 in 2005 to special-needs education in the UK.
- Kemach Foundation: "...to help HarediHaredi JudaismHaredi or Charedi/Chareidi Judaism is the most conservative form of Orthodox Judaism, often referred to as ultra-Orthodox. A follower of Haredi Judaism is called a Haredi ....
students sustain themselves in dignity. Behind Kemach stands philanthropist Leo Noe, owner of British company Reit Asset Management."
Global business strategy
- The merging of Reit’s £3.45bn portfolio with F&C’s £5.2bn property arm, has diversified Noe's business away from family trusts and private cash to more institutional sources of equity. Enabling his companies to make to enter India, South America and Africa, and Europe.
- Developing residential and commercial projects in Calcutta, India.