Overview

Lahav L.r. Real Estate Ltd, controlled by Avi Levi, operates in three areas: income-producing real estate, renewable energy in Israel, and Delek Israel fuel activities. In income-producing real estate, the company operates mainly in Germany since 2012, holding a portfolio of about 80 neighborhood commercial centers and a hotel. It also holds rights in an income-producing property in City Tower in Ramat Gan. In renewable energy, the company began activities in 2012, specializing in initiating, establishing, purchasing, and maintaining photovoltaic electricity generation systems in Israel. This activity was later merged into the public company Solgreen, and Lahav's holdings were sold in 2019. In May 2020, the company returned to the field and purchased a portfolio of about 89 rooftop solar installations totaling about 4.8 megawatts. In April 2021, the company reported that Noked Fund invests about 25 million NIS, which was invested by the company in its subsidiary Lahav Green Energy. In October 2020, Lahav L.r. (35%) and a company owned by Uri Manzor (35%) completed the purchase of 70% of Delek Israel's share capital for about 525 million shekels. During the first quarter of 2021, Lahav L.r. increased its holdings in Delek Israel to about 40%. On 31/03/2021, Delek's activity was split into two companies by transferring its holdings in real estate assets (mainly gas stations) to the sister company Delek Properties (D.P.) Ltd, with Delek Israel leasing the gas stations from Delek Properties on a long-term basis.

History

Lahav L.r. Real Estate Ltd, controlled by Avi Levi, operates in three areas: income-producing real estate, renewable energy in Israel, and Delek Israel fuel activities. In income-producing real estate, the company operates mainly in Germany since 2012, holding a portfolio of about 80 neighborhood commercial centers and a hotel. It also holds rights in an income-producing property in City Tower in Ramat Gan. In renewable energy, the company began activities in 2012, specializing in initiating, establishing, purchasing, and maintaining photovoltaic electricity generation systems in Israel. This activity was later merged into the public company Solgreen, and Lahav's holdings were sold in 2019. In May 2020, the company returned to the field and purchased a portfolio of about 89 rooftop solar installations totaling about 4.8 megawatts. In April 2021, the company reported that Noked Fund invests about 25 million NIS, which was invested by the company in its subsidiary Lahav Green Energy. In October 2020, Lahav L.r. (35%) and a company owned by Uri Manzor (35%) completed the purchase of 70% of Delek Israel's share capital for about 525 million shekels. During the first quarter of 2021, Lahav L.r. increased its holdings in Delek Israel to about 40%. On 31/03/2021, Delek's activity was split into two companies by transferring its holdings in real estate assets (mainly gas stations) to the sister company Delek Properties (D.P.) Ltd, with Delek Israel leasing the gas stations from Delek Properties on a long-term basis.

Overview

History

Sources