Kass Group (Kass – C)קס גרופ (קאסס – סי בע"מ)

Head office: 8 HaTan St., Givat Zeev, Occupied Palestinian Territory Tel: +972-2-5000418 www.kass-group.com



A private Israeli investment group which carries out real estate, infrastructure and technology projects in Israel, the occupied Palestinian territory and Georgia.

Kass Group and its member companies have carried out residential and commercial projects in settlements in the occupied West Bank and East Jerusalem.

The company is an investor in Design City, a new shopping complex in the Mishor Adumim settlement industrial zone in the West Bank, slated to open in 2021. The complex takes up some 100,000 sqm of land and is expected to include around 160 stores.

Through its fully owned subsidiary Magic Kass, the Group is developing a theme park in Mishor Adumim, located next to the Design City complex. Kass Group has invested an estimated 150 million NIS in the theme park, which takes up 15,400 sqm of land and is slated to open in 2021.

Through its partially owned subsidiary Nofei Israel (88%), Kass Group has carried out numerous real estate projects in the settlement of Givat Ze’ev in the West Bank. The company was involved with the establishment of the New Givat Ze’ev (Givat Ze’ev Hachadasha) neighborhood in 2004, which houses over 600 families. It also developed the Givat Ze’ev Heights (Ramat Givat Ze’ev) project, which includes 234 upscale residential units and 130 private single family homes. The company also carried out a commercial project in the settlement.

Nofei Israel is also involved in two commercial projects in Mishor Adumim settlement industrial zone, Design City and Pavilion, an event venue.

Additionally, the company developed and marketed a residential project in the settlement neighborhood of Neve Ya’akov in East Jerusalem. The project, strategically located near the Jerusalem light rail, includes 80 housing units built by Euro Israel. The company also marketed a housing project of Dalia Eliasfor in the settlement neighborhood of Har Homa.

Nofei Israel projects were constructed by several companies, including Euro Israel, Dalia Eliasfor, Teshet 2000, Kenning, Moris Alon, and Shechter.

Nofei Israel, K.A.H. Nofey Hagiva, Top R.G.Z., Kass Business, Magic Kass, Hutzot Adumim Consulting Management and Investments and HomeConnex all have offices in settlements in the West Bank.

In January 2015, K.A.H. Nofey Hagiva, a fully owned subsidiary, signed a leasing agreement with the Israeli Civil Administration (ICA) for a 7,964 sqm property in Mishor Adumim, in accordance with local outline plans which refer to the lands of the Palestinian community Khan al Ahmar.

Another subsidiary, Merkaz Nofei Ayalot (50%), signed a leasing agreement in 2013 with the Supervising Unit of Governmental and Deserted Property in Judea and Samaria (Area C of the West Bank) for land in Givat Ze’ev.

In September 2016, Magic Kass signed an agreement with the ICA for a 10,795 sqm property in Mishor Adumim.



Company Response

Response Received on January 2nd 2017, “Our company deals with selling apartments in properties in Israel and in properties in Judea and Samaria. Our company employs thousands of Palestinians every day. All of the properties in construction are private properties purchased from the Palestinians. We find the way the facts are presented very severe, things are presented as though we are occupying just because our company is Jewish. There is no international law forbidding us from purchasing land by law from the Palestinians, and that is what we do. Any reference from any factor presenting our company as one that supports the occupation or anything of that sort will be sued for defamation.Our company acts with integrity, by the Israeli law and by the international law as well.”

Ownership

The company is fully owned by the private investor Hanoch Kass.


Subsidiaries

Chish Nofei Israel – Real Estate, Development and Marketing (88%), K.A.H. Nofey Hagiva (100%), Kass Business (100%), Merkaz Nofei Ayalot (B.H.) (50%), Top R.G.Z. (50%), Nofei Hametzuda (50%), Magic Kass (53%), Hutzot Adumim Consulting Management and Investments (50%), HomeConnex (90%) and Design City Jerusalem.

All the information contained in this page is valid until Sat 07/11/2020



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