Alony Hetz was one of the first Israeli companies to make major real estate investments outside Israel. Over the course of the years 1993-7, Alony Hetz invested approximately £12 million in UK real estate. In 2005, Alony Hetz completed the sale of its properties in the UK for £216 million, generating a capital gain of £41 million (roughly NIS 340 million). The net cash flow which was generated by the company during its 11 years of activity in England totaled £94 million.
Following this highly successful series of transactions, Alony Hetz invests in real estate opportunity funds in the UK, Brockton Capital, in partnership with Jason Blank and David Marks. The objectives of this fund are to develop real estate properties, while capitalizing on irregular market conditions through changes in designated use, use of building rights, new financing and more. Brockton Capital invests in a number of prestigious projects, typically involving major development and property-use conversion.
Alony Hetz invested £ 34 million in Fund I [ owning 25% as LP & 10% in the GP ] & will invest £ 25 million in Fund II [ owning 5% as LP & 9% in the GP].
Alony Hetz has representative members in the investments and steering committees of both funds.
For more information visit the brocktoncapital web-site.