Temura Real Estate Fund has appointed Saji Cohen CPA as the fund’s new CFO. Cohen, 42, has more than 15 years of experience in the income-generating real estate market in Israel and Poland, where he previously served as CFO of Giron Development and Construction, whose bonds are traded on the Tel Aviv Stock Exchange (TASE). He held this position for 13 years between 2009 and 2022. As part of his position, Cohen was responsible for conducting complex transactions involving the purchase and financing of real estate for large amounts.
As part of his role at Temora Fund, Cohen will manage the finance area including sharing the responsibility for leading and examining the commercial and economic viability of the Fund’s business development operations, including preparing forecasts, reports and analyses, and building budgets and business plans. Managing the fund’s credit policy and managing the relationship with the banking system.
The position also includes supervision of the finance department responsible for preparing financial reports, managing, building and monitoring the budget, managing cash flow, managing all fund expenses, managing the supplier payments system and managing the overall payment collection activity from customers and routine controls.
Temora Fund, founded in early 2022, focuses on purchasing, promoting, and managing office, industrial and logistics properties in Israel, and is building a real estate portfolio worth NIS 1.5 billion. Temura is active in Haifa, Lod, Rosh Ha’ayin and Ra’anana, with an area of approximately 130,000 square meters and plans to expand its activities to other regions of the country.
The Temora Fund is managed by co-CEOs and founders David Najmi and attorney. Make tea. The Fund succeeded in achieving its first goal by raising NIS 500 million. Participating in the financing round were Clal Insurance and Finance, Mizrahi Tefahot Bank, Amitim Retirement Funds, private investors and family offices, among others. Oded Shamir serves as Chairman of the Board of Directors of the Temora Fund, where in the past he served as CEO of Industrial Buildings and Economy of Jerusalem and Azorim Real Estate Company and Chairman of the Board of Directors of Netivei Israel, the national transportation infrastructure company.
Chairman of the Fund’s Investment Committee is Roy Yakir, former Chief Investment Officer of Clal Insurance, and Executive Vice President and Chief Investment Officer of Phoenix. Members of the Investment Committee include Dan Derich, who served among others as Director General of the Ministry of Trade and Industry and Director of IBI, and a lawyer. Yonatan Altman, who also serves as Chairman of the Board of Directors of the law firm Amit, Pollack, Matalon (APM) & Associates.
Published by Globes, Israel Business News – en.globes.co.il – on September 30, 2024.
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