Lahav has completed a capital raising – the capital market

Real Estate Company

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Successfully completed a capital raising of approximately NIS 101 million. The raising was made through a private placement and rights issue. As part of the raising, officials and controlling shareholders invested about NIS 82 million. The company’s chairman, Avi Levy, invested NIS 62 million in the round, and his investment in the company amounts to over NIS 200 million. The company’s share has risen more than 80% in the last three months and reaches a market value of NIS 825 million.

Among the officers who invested in the recruitment are Hava Zamir-Toaf, the company’s CEO, Shlomo Padida, the CFO, Eli Lahav and Ilik Rozensky, directors of the company and Naftali Shimshon, Hagit Lahav and Amir Lahav, who are interested in the company. Eli, Hagit and Amir Lahav purchased NIS 11.5 million worth of shares in the rights issue, while Eli Lahav also purchased shares in the market worth NIS 4.1 million and continued to express confidence in the company.

Against the background of the rights issue, the company announced that it is conducting two negotiations for the purchase of properties in Germany. The first is the acquisition of rights in a portfolio that includes six income-producing real estate properties located throughout Germany for 26.5 million euros. The average rental period of the assets included in the portfolio is 8.3 years. The CAP return on the transaction is expected to be 7.46%. 75% of a real estate property located in Germany, for about 60 million euros. The average rental period of the property is 13.5 years. The CAP return on the transaction is expected to be approximately 11.8% (for the full article).

Avi Levy Chairman of the Company: “We are pleased to express the confidence of investors, stakeholders, directors and members of the management in the capital raising that we have carried out with complete success. We face many challenges in the coming years in our areas of practice, continued development and improvement of income-producing real estate in Germany. “Retail, energy and real estate. We are motivated and able to meet tasks for the benefit of the company and shareholders and investors.”