In the course of a rocky period of time on the funds marketplaces, JTLV, headed by Amir Biram, Shlomo Gutman and Ariel Rotter, has succeeded in boosting a NIS 2.1 billion for its third actual estate fund, “Globes” has acquired. The money boosting, in which some of Israel’s biggest money institutions participated, together with personal buyers, took location more than a lot less than six months.

Together with personal debt, the JTLV3 fund will be equipped to invest in belongings to the tune of almost three times the cash elevated, that is, around NIS 6 billion, according to info supplied to the several establishments. Amid the investors in the fund are Clal Insurance coverage, Migdal, Harel, Menorah Mivtachim, Lender Hapoalim, and Meitav Dash.




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JTLV3 buys Mandarin Resort land in Tel Aviv







The fund now has 3 offers lined up. 1 of them, the acquire of the parking whole lot and the business spots of the Mandarin Lodge in Tel Aviv for NIS 190 million was reported by “Globes” last month. The fund will obtain land with legal rights to assemble 10,000 sq. meters of lodge room.

One more offer , not yet finalized, is a approach to purchase 15% of grocery store chain Shufersal’s with each other with hedge fund Brosh. The resources available NIS 540 million for a minority stake in Shufersal’s authentic estate earlier this calendar year.

The third offer, in accordance to the data presented to the monetary institutions, is the development of Ikea’s seventh retailer in Israel, in Ashdod. Together with the Ikea franchisee in Israel, the Bronfman-Fisher Team, the fund acquired 50 % of the legal rights in the 110 dunam site, on which a 25,000 square meter store will be produced, from developer Tzachi Abu (via Ari Serious Estate) for NIS 226 million.

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

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