Actual property funding fund JTLV has liquidated its holding in developer Duniec Brothers (TASE: DUNI). Yesterday, the fund, managed by Amir Biram, Ariel Rotter, and Shlomo Gutman, bought its total remaining 22% stake for NIS 530 million.
Within the off-floor deal, JTLV bought its shares in Duniec to a number of monetary establishments and personal traders at NIS 271 per share, representing a 13.5% low cost in the marketplace worth. Following the sale, the corporate has no controlling shareholder, after an extended interval through which the fund sought to promote its stake to a single investor.
The sale is a profitable exit for JTLV, leaving it with a complete acquire of over NIS 500 million.
In 2020, JTLV took benefit of the liquidity difficulties of Yitzhak Tshuva to purchase 70% of actual property firm Elad Residence for NIS 198 million. Eighteen months later, the fund expanded its funding, and acquired an extra 20% from Tshuva for NIS 68.5 million, giving it a 90% stake within the firm.
JTLV subsequently purchased 17% of Duniec Brothers for NIS 118 million, after which raised its stake to 26% with a further NIS 78 million share buy. In June 2022, it carried out a share swap between Duniec Brothers and Elad Residence, turning the latter into a completely owned subsidiary of Duniec, through which JTLV’s stake reached 50%.
Final yr, JTLV started to promote its shares in Duniec, with an preliminary sale of 14% for NIS 280 million, and a sale of an extra 10% a number of weeks later for NIS 191 million to monetary establishments that exercised the choice given to them within the first sale.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on January 8, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
