Portofino served as the exclusive investment banker in the sale of 18% of Reem Group to Poalim Equity – the investment arm and a subsidiary of Bank Hapoalim, which invested over $1 billion in the past year and is part of Israel’s largest financial group, for the amount of $43 million at a company valuation of $239 million. Among its portfolio of income-generating real estate assets, Reem Group also holds 50% of ICR. ICR is a veteran real estate development corporation with over 30 years of experience. The company specializes in the construction of luxury complexes in exclusive areas, alongside the development of residential neighborhoods across Israel.
