No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Phoenix to finance four Enav urban renewal projects

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 3 mins read
A A
Phoenix to finance four Enav urban renewal projects
Share on FacebookShare on TwitterShare on LInkedIn



Real estate company Enav has signed a financing agreement with insurance company Phoenix Financial (TASE: PHOE). Under the terms of the agreement, Phoenix will extend credit of up to NIS 320 million, which will serve as equity capital for four Enav projects.

The initial investment will focus on four projects: 240 housing units in Ramat Gan; 244 housing units in Kfar Saba; 255 housing units in Kiryat Ono; and 288 housing units in Tel Aviv.

Enav is promoting over 35 urban renewal projects throughout the country including about 25,000 housing units. The company currently has six projects in marketing and construction totaling about 1,400 housing units. In 2026, the company expects four more projects to be marketed and under construction totaling 1,300 additional housing units. The cities in which Enav is promoting projects include: Beer Yaakov, Tel Aviv, Ramat Gan, Kiryat Ono, Yehud, Haifa, Kfar Saba, Jerusalem, Netanya, Hadera, Bnei Brak and Eilat.

There has been major progress recently in a number of projects that are ready for implementation by Enav: a permit has been received for the first stage of the Herzl Complex project in Beer Yaakov, which will include a total of about 2,000 housing units; a permit has been received for the Mohiliver Complex in Yehud, which will include about 1,100 housing units, and a ceremony was held for the demolition of buildings in the first phase of the project; a plan has also been approved for the Nurit Complex in Jerusalem, which will include 452 housing units and an additional 2,500 square meters for commerce and offices. In addition, a plan has been approved for the Eli Cohen Complex in Hadera, which will include 1,300 housing units

The agreement with Phoenix Insurance was led by Enav CFO Adi Even. Enav’s legal support was led by Adv Ariel Dinovetskey of Barr Dinovetskey & Co. The transaction was led on behalf of Phoenix Insurance by Itzik Dagan, Manager of Non-Marketable Credit. Legal support for Phoenix was provided by Meitar law firm Partner Adv. Gal Feingold. The underwriters supporting the transaction are Gil Calderon and Dan Rimon from Menora Underwriting.

Enav, which was founded 25 years ago by Effi Katz, is one of the pioneers in the urban renewal sector and is ranked as one of the leading companies in the field in Israel. Enav is undertaking urban renewal projects which include housing, commercial space, offices and hotels, with the company specializing in large and complex demolition and reconstruction projects. The company has a backlog of over 25,000 housing units to be built, encompassing a total area of about 3,500,000 square meters in planning.

Enav CEO Effi Katz said, “Enav welcomes the collaboration with Phoenix, one of the main and influential institutional entities in the Israeli economy. We are currently operating in dozens of large projects in the most attractive areas of the country, with a scale of tens of thousands of housing units, while adhering to high standards, meticulous planning and focusing on the needs of the community and the families who will live in the projects. We see this move as a significant financial boost and leverage that will allow us to expand our activities, create quality housing solutions for thousands of families, and continue to have a positive impact on cities in Israel in the coming years, while leading the field of urban renewal in Israel.”

Published by Globes, Israel business news – en.globes.co.il – on September 14, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: EnavfinancePhoenixProjectsRenewalUrban
ShareTweetShare
Previous Post

Utah governor blasts ‘conflict entrepreneurs’ after Charlie Kirk assassination

Next Post

The Division Of The United States Is In Motion

Related Posts

edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

by TheAdviserMagazine
October 30, 2025
0

Seeking Alpha's Disclaimer: The earnings call insights are compilations of earnings call transcripts and other content available on the Seeking...

edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

by TheAdviserMagazine
October 30, 2025
0

US equity-index futures rose after strong earnings from Amazon.com Inc. and Apple Inc. spurred a post-market tech rally, lifting sentiment...

edit post
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

by TheAdviserMagazine
October 30, 2025
0

Bitcoin accumulator Strategy Inc. returned to profitability in the third quarter, with results bolstered by an unrealized gain tied to...

edit post
AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

AI bubble talk grips the market. But in the C-suite there’s more FOMO over AI’s benefits than fear of an AI bustup

by TheAdviserMagazine
October 30, 2025
0

Hello and welcome to Eye on AI. In this edition…Nvidia becomes the first $5 trillion market cap company…Anthropic finds AI...

edit post
AI capex boosts from tech giants should benefit Credo, Micron, others: BNP Baripas

AI capex boosts from tech giants should benefit Credo, Micron, others: BNP Baripas

by TheAdviserMagazine
October 30, 2025
0

Oct. 30, 2025 12:03 PM ETMicrosoft Corporation (MSFT) Stock, GOOG Stock, GOOGL Stock, META StockCIEN, AMD, STX, WDC, NVDA, CLS,...

edit post
The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says

The uncomfortable secret of successful people: Forget work-life balance, you have to be ‘obsessed’, ex-Wall Streeter and business coach says

by TheAdviserMagazine
October 30, 2025
0

While casual side hustles can sometimes pay off, the most successful people prioritize their passion to turn it into profit. ...

Next Post
edit post
The Division Of The United States Is In Motion

The Division Of The United States Is In Motion

edit post
A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

A major US auto lender went bust in latest red flag for economy — record auto debt levels. How to protect yourself now

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Morgan Stanley Hikes Opendoor (OPEN) PT to  Ahead of Q3 Earnings

Morgan Stanley Hikes Opendoor (OPEN) PT to $6 Ahead of Q3 Earnings

0
edit post
Crypto IPO Boom Fades: Only Circle and Galaxy Digital Show Profits, as eToro Drops 40%

Crypto IPO Boom Fades: Only Circle and Galaxy Digital Show Profits, as eToro Drops 40%

0
edit post
6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

0
edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

0
edit post
Apple Q4 revenue grows on strong iPhone sales; results beat estimates

Apple Q4 revenue grows on strong iPhone sales; results beat estimates

0
edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

0
edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

October 30, 2025
edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
edit post
XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

October 30, 2025
edit post
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

October 30, 2025
edit post
8 Medigap “Gaps” You Only Notice After a Hospital Transfer

8 Medigap “Gaps” You Only Notice After a Hospital Transfer

October 30, 2025
edit post
6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

6 Facts You Should Know About the Thrift Savings Plan If You Are a Government Employee

October 30, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)
  • Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain
  • XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.