JTLV raises NIS 2.1b for third real estate fund
All through a rocky period on the money marketplaces, JTLV, headed by Amir Biram, Shlomo Gutman and Ariel Rotter, has succeeded in elevating a NIS 2.1 billion for its third genuine estate fund, “Globes” has discovered. The cash boosting, in which some of Israel’s premier monetary establishments participated, alongside private buyers, took position over significantly less than 6 months.

Together with debt, the JTLV3 fund will be equipped to buy belongings to the tune of almost a few times the money raised, that is, over NIS 6 billion, in accordance to details supplied to the many establishments. Amid the buyers in the fund are Clal Insurance, Migdal, Harel, Menorah Mivtachim, Financial institution Hapoalim, and Meitav Dash.




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JTLV3 buys Mandarin Lodge land in Tel Aviv







The fund already has three bargains lined up. One of them, the buy of the parking good deal and the industrial places of the Mandarin Lodge in Tel Aviv for NIS 190 million was reported by “Globes” very last thirty day period. The fund will obtain land with legal rights to assemble 10,000 square meters of hotel house.

A different deal , not yet finalized, is a system to order 15% of grocery store chain Shufersal’s with each other with hedge fund Brosh. The money provided NIS 540 million for a minority stake in Shufersal’s real estate before this year.

The 3rd deal, according to the data introduced to the fiscal establishments, is the construction of Ikea’s seventh keep in Israel, in Ashdod. Collectively with the Ikea franchisee in Israel, the Bronfman-Fisher Group, the fund bought 50 percent of the rights in the 110 dunam website, on which a 25,000 square meter store will be constructed, from developer Tzachi Abu (through Ari True Estate) for NIS 226 million.

Revealed by Globes, Israel organization news – en.globes.co.il – on July 7, 2022.

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