Bank Leumi’s investment arm Leumi Partners, headed by Viktor Vakrat, is continuing with its acquisition campaign and is buying 17% of real estate company Avney Derech Group at a pre-money valuation of NIS 460 million.
Avney Derech is a development and construction company active throughout Israel. One of its main projects is a 1,800 housing unit development in Katzrin on the Golan Heights together with YD Barzani. It is also marketing projects in Rekhasim near Haifa, Ofakim, Dimona, Jerusalem, and Be’er Ya’akov.
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Leumi Partners recently invested NIS 145 million in a another real estate company, Yossi Avrahami, alongside several other investments unconnected to the sector. Last week, it announced that it would buy 20% of Delek Israel at a valuation of NIS 1 billion. It also invested NIS 600 million in a private company of Ofer Yanai through which he controls Nofar Energy (TASE: NOFR). It also extended a NIS 60 million credit line to restaurant chain Nono & Mimi.
Avney Derech CEO said, “Leumi Partners’ entry as a partner into Avney Derech represents a significant expression of confidence in the company and its growth engines for the coming years. This is a strategic move that supports controlled, long-term growth, while maintaining countrywide distribution of projects, including in the periphery, amid financial stability and high standards of management and execution.”
Published by Globes, Israel business news – en.globes.co.il – on February 15, 2026.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.
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