Deals -

ERM Advised Eshkol Investments & Financing Ltd on Their 310,000,000 NIS Funding of the Sea Tower Bat Yam Purchasing Group

ERM advised Eshkol Investments and Financing Ltd on their 310,000,000 NIS funding of the Sea Tower Bat Yam purchasing group. As well as refinancing a bridge loan, the funds will be used to fund the construction of the project expected to be completed in the next 3 years.

The transaction also saw Eshkol’s first significant collaboration with institutional investors, with a sizeable proportion of the funds coming from the More Investment House and More Provident Fund.

Eran Mizrahi, partner in our Real Estate & Urban Renewal practice, acted for Eshkol, together with associates Tal Leibusher Dahan and Sapir Idan.

For media coverage of the deal, please click here.

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