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.