This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Ocif to Arkady Gaydamak in 2007 and 50% of Aviv Development to Melisron in 2022 for NIS 845 million.
Liora Ofer’s Melisron (TASE: MLSR) has acquired the entire stake in Aviv Development, owned by Doron Aviv and his sister Dafna Harlev, for NIS 625 million, valuing the company at NIS 1.25 billion.
This is the third real estate exit for Aviv and Harlev, after selling Ocif Investments and Development to Arkady Gaydamak in 2007 and selling 50% of Aviv Development to Melisron for NIS 845 million in 2022.
Aviv Group was founded in 1963 and has built a number of residential and commercial projects, as well as public buildings and infrastructures across the country. The group has the right to sell 3,600 apartments in central Israel and is currently building two major projects. The first is for the construction of 11 residential buildings with 722 residential units in a mixed-use complex covering 150 dunams (37.5 acres) and 100,000 square meters of commercial and office space in Tel Hashomer. The second project is the Herbert Samuel SIX-8 project on the Tel Aviv seafront – an 18-story tower with 128 hotel rooms and 64 residential blocks, all facing the sea.
Globes, Israel business news – en.globes.co.il – published on September 12, 2024.
© Copyright 2024 by Globes Publisher Itonut (1983) Ltd.
Dafna Harlev and Doron Aviv credit: Sivan Faraj
