Leumi Partners, the investment arm of Bank Leumi, has announced a strategic investment in the real estate company Avnei Derech, which specializes in developing residential projects across Israel. Under this agreement, Leumi Partners will invest 80 million shekels to acquire a 17% stake in the company, valuing Avnei Derech at 460 million shekels post-investment. This investment represents a significant step for Leumi Partners in its strategy to expand and diversify its investment portfolio within the Israeli real estate sector. Avnei Derech, known for its expertise in housing construction, will benefit from this partnership by enhancing its capacity to develop new and innovative residential projects, addressing the growing demand for housing in Israel.
