The JTLV fund buys from Leumi 50% of Beit Lin in Tel Aviv for NIS 325 million

Despite the slowdown and uncertainty in the real estate market, the JTLV fund, which is managed by Amir Biram, Ariel Rotter and Shlomo Gutman, concludes another deal. After the merger deal with Shemen Industries in the logistics sector last month, it is now purchasing 50% of the Beit Lin office building from Bank Leumi in exchange for NIS 325 million, in a deal that gives the building a value of NIS 650 million. The building, which is located at the corner of Lilinblom, Yehuda Halevi and Nachalat Binyamin streets in Tel Aviv (which we also gave it its name), is currently used by the bank, and it is expected to vacate its offices no later than the end of March 2024 with the completion of the transfer of the headquarters units and its main management to Lod.