NIS2b financing secured for large-scale Petach Tikva urban renewal project
Financing agreements totaling approximately NIS 2 billion have been signed to advance two large-scale evacuation and reconstruction (Pinui-Binui) complexes in Petach Tikva’s Werber neighborhood.
The project, promoted by Aminim Group, includes the demolition of existing residential buildings and the construction of 637 new housing units in 32-story towers, alongside commercial space and underground parking.
The financing consortium is led by the Ruby Capital Group together with Phoenix and Migdal, and represents a significant milestone in the city’s ongoing urban renewal activity.
Erdinast, Ben Nathan, Toledano advised the consortium of financiers, with a team led by Roy Gross and Avishai Sadeh, together with Dor Maimon and intern Barak Steinberg.
