In the course of a rocky period of time on the funds markets, JTLV, headed by Amir Biram, Shlomo Gutman and Ariel Rotter, has succeeded in raising a NIS 2.1 billion for its third serious estate fund, “Globes” has figured out. The funds raising, in which some of Israel’s most significant fiscal institutions participated, along with non-public investors, took position above much less than six months.

Together with credit card debt, the JTLV3 fund will be able to buy assets to the tune of approximately 3 instances the cash lifted, that is, more than NIS 6 billion, according to information equipped to the a variety of establishments. Amongst the traders in the fund are Clal Coverage, Migdal, Harel, Menorah Mivtachim, Lender Hapoalim, and Meitav Sprint.




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JTLV3 purchases Mandarin Hotel land in Tel Aviv







The fund now has 3 bargains lined up. 1 of them, the acquire of the parking large amount and the industrial locations of the Mandarin Hotel in Tel Aviv for NIS 190 million was documented by “Globes” last month. The fund will get land with rights to construct 10,000 sq. meters of hotel room.

Another offer , not but finalized, is a system to obtain 15% of grocery store chain Shufersal’s jointly with hedge fund Brosh. The resources offered NIS 540 million for a minority stake in Shufersal’s serious estate before this calendar year.

The 3rd offer, according to the facts offered to the economical establishments, is the design of Ikea’s seventh store in Israel, in Ashdod. Together with the Ikea franchisee in Israel, the Bronfman-Fisher Group, the fund acquired 50 % of the legal rights in the 110 dunam web-site, on which a 25,000 sq. meter retail store will be produced, from developer Tzachi Abu (by way of Ari Actual Estate) for NIS 226 million.

Published by Globes, Israel enterprise news – en.globes.co.il – on July 7, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.


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