Who wants to be Rothschild's partner?
Israeli investment house Rothschild sets up real estate fund totaling EUR 200 million. Majority of fund partners are Israelis with expertise in East European real estate
The Rothschild Group is due to expand its business in Israel. The Israeli investment house Edmond de Rothschild, a subsidiary of the Edmond de Rothschild World Bank, will become a partner in founding a real estate fund totaling EUR 150-200 million (USD 191-255 million).
The investment house is set to invest 10-15 percent of the fund and will be managed in Israel. This sum is earmarked for investment on commercial real estate in Eastern Europe. The majority of partners in the fund are Israelis.
Israeli know-how in East Eurpoean real estste
This is the first time Rothschild will be managing a fund specializing in a specific field, in the aim of taking advantage of Israeli know-how in the real estate market in Eastern Europe. Rothschild currently manages general trust funds that invest the main part of their assets in shares or in Israeli or foreign company debentures. Rothschild also enables investment in funds managed overseas by an international company that manages assets totaling USD 100 billion.
Rothschild, managed by Mickey Kleiger and chaired by Jimmy Pinto, had primarily contacted institutional bodies and wealthy customers that had invested sums of over NIS one million. Following implementation of the Bacher Committee's recommendations, enabling investment houses to participate in free competition in trust funds, Rothschild began contacting broader audiences.
The Rothschild group is controlled by the Rothschild family (98.6 percent) and is headed by Benjamin de Rothschild, the grandson of the Baron Edmond de Rothschild.
The Rothschild investment house refused to comment on this report.
