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Timora will leverage the investment to build a property portfolio worth NIS 1.5 billion and will focus on the purchase, improvement and management of office, industrial and logistics assets
Timora Fund is paying REIT1 NIS 131.5 million for the two properties in Lod's northern industrial zone.
The deal in Ra'anana's high-demand Kiryat Etgarim park is the first for the fund after its first raise of NIS 300 million.