The holding company Mivtach ShamirWhich is controlled Meir ShamirExpands its global operations in the real estate sector and enters Canada with a planned investment of about NIS 70 million. Coming.
Mivtach Kein is a new subsidiary of Mivtach Shamir, which was established for the purpose of this activity. Mivtach Shamir holds 70% of Mivtach Kin’s shares, while the rest of the shares will be held by Kin Capital Partners. In total, the volume of Mivtach Shamir’s equity invested in Mivtach Kein is expected to amount to NIS 70 million.
Mivtach Kein will focus on building a platform for residential real estate investments in Toronto, which includes projects for the development, initiation and financing of real estate properties. This activity is part of the company’s strategy to expand its activities in the field of real estate.
Cain is a Canadian company that invests in real estate, land for development and development, investment management and financial consulting for real estate companies across Canada. According to Guy Shamir, Deputy CEO and CEO of Mivtach Shamir Technologies, “Mivtach Shamir believes in the Canadian real estate market and sees it as an opportunity to expand the company’s real estate activities in Israel and abroad as part of its long-term cooperation strategy. With Kin Capital Partners. “
Shamir emphasized that Cain “is a long-standing and successful Canadian company that invests, initiates real estate assets, manages and provides financial advice to real estate companies throughout Canada. .
Mivtach Shamir Traded on the stock exchange at a value of NIS 1 billion, after its share yielded a coordinated return of dividends of 74% in the last three years. The company currently operates in four operating segments: real estate, energy, finance and technology. Most of the company’s activity in Israel and only a small part of its investments are outside Israel in countries such as the USA and India.
The company owns various real estate properties, intended for business uses such as commerce, offices, industry, housing and more. The leading asset in the company’s real estate portfolio is a holding of 42.3% of the shares of the private company Migdalei Hod Hasharon, which is establishing an office park for knowledge-intensive industries in Hod Hasharon and owns land in a total area of 30 dunams in the Neve Ne’eman industrial area. Among them, the Alon Tavor power plant and $ 53 from the shares of Kesem Energy, which is promoting a project to build a 780-megawatt natural gas-fired power plant in the area of Kibbutz Givat Hashlosha.
Mivtach Shamir has activity in the field of financing, with the most prominent of its investments being a public financial services lever company, which provides financing to developers in the construction industry. Mivtach Shamir holds 49% of Manif’s shares with a market value of NIS 300 million.