Herzog Fox & Neeman advised Reality Investment Funds on the deal.
Reality Investment Funds acquired Palace tower in Haifa for over NIS 100 million (approx. $28.7 million).
The fund works with local and governmental authorities to promote urban development.
Reality is a private Fund, investing in the betterment of Israeli real estate, the main focus of the Fund is on real estate with significant betterment potential, a high level of complexity, and fast disposition possibilities, alongside distressed properties and income-producing properties with strong potential of creating significant value.
The Herzog Fox & Neeman team was led by partner and head of real estate practice Moshe Hardi (Picture) and associate Amos Naim.
Law Firms: Herzog Fox & Neeman;
Clients: Reality Investment Fund;