Reality Investment Funds’ Acquisition of Palace Tower in Haifa

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.

Involved fees earner: Moshe Hardi – Herzog Fox & Neeman; Amos Naim – Herzog Fox & Neeman;

Law Firms: Herzog Fox & Neeman;

Clients: Reality Investment Fund;

Author: Michael Patrini.