Morris Kahn Single Family Office Sells 50% of Beit Aurec Stake To Insurance

Morris Kahn Single Family Office Sells 50% of Beit Aurec Stake To Insurance

Aurum, the single family office of Isareli billionaire Morris Kahn, sold half of its stake in the Beit Aurec project to Harel Insurance Investments and Financial Services for NIS 100M (€25M).

Beit Aurec Real Estate in Tel Aviv

Beit Aurec is a 16,000 sqm property of office and commercial space in Tel Aviv’s Abba Hillel Street. The building has a high 98% occupancy rate, its anchor tenant is the Metier Liquornik law firm. The Morris Kahn family office previously held a 80% stake in Beit Aurec. Now, Harel acquired half of it for NIS 100 (€25M) and now holds 40% of the building. The remaining 20% of Beit Aurec are held by private investors.

Morris Kahn Single Family Office

Morris Kahn is one of the most known billionaires from Israel. He launched Amdocs in 1982 as part of the Aurec group – which is know a billion dollar stock-listed software firm. Today, his family office is active in real estate, venture capital and capital markets.

Picture Source: Shai Pal
Source: Globes, 29.06.2020

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