Menorah Mivathim enters the field of logistics centers (Photo: ShutterStock)
Menorah Mivathim reports that it has joined Nadav B. as a partner.
Logistics, which is under the control of the businessman Nadav Bila, and deals with the initiation and leasing of industrial areas and logistics centers throughout the country.
The company has approved land for the construction of logistics centers in attractive locations in the center of the country on major traffic routes such as Ashdod, Ad Halum Timurim, Yoav and more.
Menorah Mivathim will invest in the company at a value of approximately NIS 300 million (after the money).
The investment will strengthen the company's equity and allow it to continue the growth rate it has been in for the past few years.
We note that this is Menorah's second investment together with Nadav Bila, when earlier this year it purchased from him half of the Karmi Gat Center shopping mall, located in the heart of the new neighborhood Karmi Gat.
Uzi Levy, CEO of Menorah Mittehim Real Estate (Photo: Ofer Chen)
According to Uzi Levy, CEO of Menorah Mvithaim Real Estate:
"The field of logistics centers is one of the most developing fields of real estate in recent years, and this is due to several reasons, among them: the strengthening of the supply chain of firms and an increase in the volumes of electronic commerce.
Nadav Bila is a talented and experienced businessman and we are happy to cooperate and lead the company to growth and development.
" "We believe that the field of logistics is an investment field that will yield adequate returns in the coming years, all in order to diversify and improve the investment portfolio for the benefit of the colleagues.
In this context, I would like to thank Shoham Waldman, head of Israel Real Estate, who led the negotiations.
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Nadav Bille, owner and CEO of the company (Photo: Ofer Chen)
According to Nadav Bille, owner and CEO of the company:
"We welcome the investment of the Menorah Mivathim group in the company.
This is a first-rate strategic partner, which will help to continue developing the company's activities in the field of industry and logistics centers, as well as the multi-year business plan for the establishment of additional industrial centers and logistics centers throughout the country."
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