Israeli real estate fund Timora has raised ILS 250 million ($79 million) in a funding round led by Israel-based financial services company Clal Insurance Enterprises Holdings, according to The Jerusalem Post.
Timora acquires, improves and manages investments in office, industrial, and logistical real estate in Israel.
The fund, which will focus on improving and managing existing income-producing office and logistical real estate, is seeking to increase its equity to ILS 500 million ($159 million) over the next year and build a portfolio worth ILS 1.5 billion ($476 million).
