This is the third real estate exit for Doron Aviv and his sister Dafna Harlev after selling Osif to Arkady Gaydamak in 2007, and 50% of Aviv Development to Melisron in 2022 for NIS 845 million.
Leora 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, in a deal that values the company at approximately NIS 1.25 billion.
This is the third real estate divestment for Aviv & Harlev after the sale of Osif Investment and Development to Arkady Gaydamak in 2007, and the sale of 50% of Aviv Development to Melisron in 2022 for NIS 845 million.
Founded in 1963, Aviv Group has built a range of residential and commercial projects, as well as public buildings and infrastructure throughout the country. The group holds the marketing rights to 3,600 housing units in central Israel, and is currently building two major projects. The first is in Tel Hashomer, to build 11 residential buildings with 722 units in a mixed-use complex covering 150 dunams (37.5 acres) and 100,000 square meters of commercial and office space. The second project is Herbert Samuel’s SIX-8 project on the Tel Aviv waterfront – an 18-story tower with 128 hotel rooms and 64 residential units, all overlooking the sea.
This article was published in Globes, Israeli Business News – en.globes.co.il – on September 12, 2024.
© Copyright Globes Publisher Itonut (1983) Ltd., 2024.
Dafna Harlev and Doron Aviv Credit: Sivan Faraj