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 invested in a real estate opportunity fund 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. Along with Alony Hetz, cornerstone investors include a publicly-listed, FTSE 250, UK property company and a top-15 European hedge fund. Brockton Capital invests in a number of prestigious projects, typically involving major development and property-use conversion.

Alony Hetz is committed to invest £34 million in the fund, out of a total shareholders’ equity of £134 million. Alony Hetz will be represented in the fund’s investment committee and will hold 12% of its management company.