Mishorim Development

Mishorim Development
IndustryReal estate
Founded1990
FounderGil Blutrich
Headquarters
Tel Aviv
,
Israel
OwnerAlex Shnaider
Websitemishorim.com

Mishorim Development Ltd. is an Israeli company that was founded by Gil Blutrich in 1990. The current owner is Alex Shnaider. It is a public company traded at the Tel Aviv Stock Exchange (ticker symbol: MSHR) as of 2021.[1] The company owns many historic sites and buildings in various countries, such as the town of Port McNicoll,[2] Horseshoe Resort,[3] King Edward Hotel, and Skyline Tower in Canada,[4] as well as parts of the SunTrust International Center in Miami, United States.[5][6]

Overview

One of Mishorim's main focus areas is the US commercial sector,[7] where it invests in a wide variety of properties in cities such as Miami.[8] In downtown Miami, Mishorim has proposed a mixed-used dual-tower project called Mishorim Towers.[9]

Skyline International Development Inc. is the Canadian division of Mishorim.[10]

Mishorim has also invested in proposed properties such as the Sapphire Tower in Toronto, Canada. The INDX Tower ended up being built instead of the proposed Sapphire Tower.[11] The 51-floor 179 metres (587 ft) INDX Tower was completed in 2016, although it was not as high as the previously planned Sapphire Tower.

Mishorim also operates throughout Israel, where it manages various outdoor centers in suburban areas.[12][13]

History

In 1990, Gil Blutrich founded Mishorim in Israel. On 30 December 2015, Alex Shnaider invested NIS₪39 million in Mishorim Development Ltd., a real estate company controlled by developer Gil Blutrich.[14] As of July 2016, he held 42% of the company.[15] Shnaider is currently the sole holder of controlling interest when an Israeli court ruled in favor of him in August 2020, in a legal lawsuit filed by his past partner Gil Blutrich.[16]

Mishorim owns Skyline Investments, a publicly traded hotel operator, as of 2021.[17] In October 2024, Mishorim Investments Ltd. acquired the Swiss startup ErekInvest Ltd. for an undisclosed amount, thereby expanding its business operations into Switzerland.[18]

Skyline Investments

Main article: Skyline Investments

Skyline Investments is the Canadian division of Mishorim and is based in Toronto, Canada. It is currently a public company with the ticker symbol SKLN. Operating throughout Canada, Skyline focuses on real estate, hospitality, community development, and various other areas.[19] In Ontario, Skyline owns and manages Deerhurst Resort & Village in Muskoka and Horseshoe Resort & Village.[20]

In the 2010s, Skyline worked on rebuilding the 12,000-acre (4,900 ha) Port McNicoll site in Ontario, Canada.

In 2011, Skyline International Developments Inc. (now Skyline Investments Inc.) bought the SS Keewatin,[21] Skyline Investments is also the owner of Keewatin and surrounding development properties in Canada.[22]

See also

References

  1. ^ "דף הבית - הבורסה לניירות ערך בתל אביב | אתר הבורסה". www.tase.co.il.
  2. ^ Petersburg, Ofer (December 8, 2005). "Israeli buys Canadian town". Ynetnews.
  3. ^ "Horseshoe Resort sold to Israeli developer". thestar.com. July 10, 2008.
  4. ^ Editorial, Reuters. "MSHR.TA - Mishorim Real Estate Investments Ltd | Reuters". www.reuters.com. {{cite web}}: |first= has generic name (help)
  5. ^ "Crocker Partners | Mishorim Development | SunTrust Miami". The Real Deal South Florida. September 12, 2018.
  6. ^ "Downtown Miami Garage Once Bound to SunTrust Tower Sells for $18.25 Million". Daily Business Review.
  7. ^ Hamilton, Ernest (April 7, 2021). "Why More and More Real Estate Investors Are Seeing the Potential of the Suburbs". Realty Today.
  8. ^ Mishorim Real Estate Investments hires architect Kobi Karp to design downtown Miami project.
  9. ^ Israeli developer proposes 63-story project in downtown Miami.
  10. ^ "Mishorim and Israel Land planning NIS 1b Toronto skyscraper". Globes. Archived from the original on 10 July 2012. Retrieved 26 February 2012.
  11. ^ "Mishorim unit sells Toronto lot for C$39m". Globes. December 25, 2011. Retrieved 2017-08-31.
  12. ^ Author, Contributing (7 April 2021). "Why Office Real Estate in Israel is Booming, Despite COVID-19". {{cite web}}: |last= has generic name (help)
  13. ^ "FT.com". markets.ft.com.
  14. ^ "Alex Shnaider buys 21% stake in Mishorim - Globes English". Globes. Archived from the original on 5 March 2016. Retrieved 2016-01-11.
  15. ^ Levy, Aviv (28 Jul 2016). "Alex Shnaider to increase stake in Mishorim". Globes. Retrieved Feb 28, 2020.
  16. ^ "ניצחון לאלכס שניידר: ביהמ"ש דחה את תביעת בלוטרייך וקבע כי הסכם השליטה במישורים בוטל כדין". Globes (in Hebrew). 2020-08-17. Retrieved Sep 18, 2020.
  17. ^ "All the Reasons Canada is Becoming an Attractive Real Estate Venue". March 9, 2021.
  18. ^ https://find-and-update.company-information.service.gov.uk/company/14476353/persons-with-significant-control
  19. ^ "Skyline Investments Inc - Company Profile and News". Bloomberg News.
  20. ^ https://www.skylineinvestments.com/portfolio/deerhurst/
  21. ^ Kryhull, Angela (17 September 2012). "Titanic-era ship anchors port redevelopment". The Globe and Mail. Retrieved 9 April 2018.
  22. ^ Sarvis, Gisele Winton (23 June 2020). "Skyline Investments looking to sell, donate or dismantle SS Keewatin". toronto.com. Archived from the original on 12 January 2022. Retrieved 1 June 2021.