“Eco City S to Entrepreneurship and Construction Ltd.” It is a leading company in the field of urban renewal (TMA 38) in Israel, jointly owned by Shagrawi Leibowitz and Eco City Ltd. (owned by Aharon Shapira, and the co-CEOs Eili Bar and Dudu Reshef).
The company operates in the Tel Aviv area (north of Tel Aviv / Lev Ha’ir / White City) and has completed projects in central and attractive locations. The Urban Renewal Index 2020 (of the Real Estate Center and Madeleine, which analyzes real estate databases), ranked Eco City first among The companies operate in Tel Aviv and second at the national level.
The company began operations in 2009 and is run through two subsidiaries of the same ownership, one coordinating the entrepreneurial activity and the other the field of execution. In the past, the company focused on projects of strengthening and adding and as a reflection of the changes that took place in the field of TMA and to leverage its leading position, the company is currently focused on demolition and construction projects (38/2) and they will be included in the financing transaction. Construction, architects, marketers and more).
Eran Gersht, Director of Direct Investments at Poalim Capital Markets, said: “We are pleased to have the opportunity to invest in Eco City, a leading company in the field of urban renewal with a professional and experienced management team and strong controlling shareholders. The deal illustrates our capabilities in complex transactions, combining debt with equity, meeting the needs of Eco City in a period of accelerated growth. “The company has a large and high-quality flow of transactions and we believe that the financing we provide it will help strengthen its position as a leading company and as a promising addition to our investment portfolio,” said Gersht.
Rubier Shagrawi, one of the owners of Eco City, said: “We are pleased with the partnership formed with Poalim Capital Markets, one of the strongest financial entities in the economy and quality executives who will contribute to the continued acceleration of the company’s growth, and we are confident that this cooperation will establish Eco City’s status as a leader in urban renewal in Tel Aviv and Gush Dan.”
Poalim Capital Markets was represented in the transaction by Adv. Orit Israeli, Director of the Commercial and Finance Department at Amit, Polak, Matalon & Co. Eco City was accompanied by Adv. finance.