Leo Noe
Leo Noé | |
|---|---|
 Portrait of Leo Noe | |
| Born | 1953 |
| Nationality | British |
| Occupation | Real Estate |
| Known for | Philanthropy |
| Notable work | Established Lee Baron Commercial Limited, property consultants |
Leo Noé (born 1953) is a British real estate (property) investor and multimillionaire. According to news reports his worth is at least £500m and was ranked 228th in the 2016 Sunday Times rich list.[1]
Business career
Leo Noé is Executive Chairman of BMO Real Estate Partners, a member of the Board and Executive Committee. He joined the Board on completion of the F&C/REIT merger in September 2008, having previously been founder and Chairman of REIT Asset Management where he was responsible for overall strategy and client liaison.
He established Lee Baron Commercial Limited, a firm of property consultants with a wide range of clients, where he still holds the position of non-executive director, and was chief executive of Bourne End Properties PLC between 1989 and 1997, a listed property investment company where his family trusts were the main shareholders.
Noe's British-Israel company, F&C REIT, is now the largest owner of shopping malls in Israel with a €1.5bn (£1.2bn) portfolio. REIT Israel Group (formerly Azorim Properties) owns a $20 million 11,000 square-meter shopping center at the entrance to Nahariya.[2] Noe was the lead buyer in an attempted takeover of Shufersal, buying Nochi Dankner's majority stake in the business.[3] 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. His companies operate in India, South America and Africa, and Europe.
Philanthropic work
Primarily through the Rachel Charitable Trust,[4] Leo Noé is a noted philanthropist and benefactor to various charities in the UK and Israel and is a trustee and patron to a number of leading education and welfare institutions. Leo was a member of the Holocaust Commission, the Commission on Jewish Schools and Chairman of the SSIG. He is an active participant in education strategy and planning projects, with a particular and keen interest in Special Needs Education in both the UK and Israel. Leo was instrumental in securing SEN as a specialism under the schools funding programme and has committed his time and energy to SEN within the Jewish Community and to over 50 SEN schools outside of the Jewish Community.
Leo established the Kemach Foundation in 2007, based on the belief that for the Haredi community to become part of Israeli economic society and for Israeli society to accept the Haredi community, they have to integrate into the workforce. It has become the premier agency for higher education and employment for the Haredi community in every city and institution throughout Israel.
Leo’s philanthropic approach is based on education, training and collaboration, aiming to create employment opportunities, encourage tolerance and build sustainable communities.[5] Noé was a speaker at the Accelerate Conference in New York in December 2015. His speech is here. In January 2016, Noé was reappointed Vice-President and Treasurer of the Jewish Leadership Council (JLC) [1] In April 2016, he was named at number 66 on the Sunday Times Giving list ranking the top 100 charitable contributors in the UK, having donated arond £8.5m during the previous year, details here
- 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 Haredi students sustain themselves in dignity. Behind Kemach stands philanthropist Leo Noé, owner of British company Reit Asset Management."[6]
References
- ^ "Sunday Times Rich List 2016". April 2016. Retrieved 26 May 2016.
- ^ Steinberg, J. (2006) In war and peace, they keep investing in Israel International Herald Tribune. September 12, 2006
- ^ Noé to buy Dankner's stake in Shufersal
- ^ "Current Charity Commission report". UK Charity Commission. Retrieved 27 January 2016.
- ^ "Kemach offers Haredim a dignified way out of poverty". Times of Israel. Retrieved 27 January 2016.
- ^ Tucker, Nati. "The ultra-Orthodox can't all study all the time". Haaretz. Retrieved 7 September 2011.