Investor Aharon Frankel Boosts Alony Hetz Stake to 20%
Translated & summarized from Calcalist by baba
Investor Aharon Frankel has increased his stake in Alony Hetz to 20% with an additional 121 million shekel investment, making him the largest shareholder. His total investment in the real estate holding company now exceeds 1.4 billion shekels. Despite the company's recent asset revaluations and a decline in its stock price since his initial investment, Frankel continues to expand his holdings. He also has significant investments in other companies, including Tamar Petroleum and Yovision.
The story in 5 lines · by baba
- Aharon Frankel now holds 20% of Alony Hetz after investing an additional 121 million shekels.
- Frankel's total investment in Alony Hetz, a real estate holding company, has reached approximately 1.4 billion shekels.
- Natan Hets, CEO and founder of Alony Hetz, holds a 12.24% stake in the company.
- Alony Hetz's stock price has fallen 10% since Frankel's initial investment, while the Tel Aviv 125 index rose 91%.
- Frankel also has stakes in Tamar Petroleum and controls Yovision, a munitions manufacturer.
Investor Aharon Frankel has increased his stake in Alony Hetz, a real estate holding company, to 20% after investing an additional 121 million shekels. This latest move solidifies his position as the largest shareholder. Frankel first became a significant shareholder in October 2024, acquiring 10.25% of the company's shares for 685 million shekels. He subsequently purchased more shares and options from The Phoenix and a foreign bank, raising his stake to 11.98%. Over 2025 and into the current year, Frankel continued to acquire shares, reaching 18.15% by the end of September, partly through exercising options. His total investment in Alony Hetz, including shares and options, now amounts to approximately 1.4 billion shekels.
Alony Hetz focuses on income-generating real estate through its holdings in Israel's Amot and three companies in the US and UK: CARR (Washington D.C. office and rental housing), AH Boston (office and lab properties in Boston), and Brockton Everlast (BE) (office and lab spaces in London, Cambridge, and Oxford). The company also controls renewable energy firm Energix.
Despite recent challenges, including negative revaluations of its overseas assets due to the struggling US office market and economic difficulties in the UK, the negative impact of these losses is reportedly decreasing. However, Frankel's investment has not yet proven financially successful. His initial share allocation in October 2024 was at 31.12 shekels per share, while the stock closed at 28.19 shekels recently, a 10% decrease. In contrast, the Tel Aviv 125 index rose 91% during the same period.
Frankel also holds a 24.9% stake in Tamar Petroleum, which has rights to the Tamar gas reservoir. He has previously realized significant profits from holdings in the Tamar reservoir, Bank Leumi, G-Mode, and Aeronautics. Additionally, he controls Yovision, a manufacturer of loitering munitions, and is promoting its IPO.
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