EEH Ventures’ Eitan Eldar bets on UK’s real estate
- Eitan Eldar is heavily invested in the UK’s real estate even as uncertainty looms in the market
- Through his company EEH Ventures, he has invested close to £1 billion in the UK’s property market
- EEH is also involved in property brokerage and has sold more than 3,000 units over the past 6 years
Back in the days, Eitan Eldar was considered
one of the most renowned leaders in the Israeli capital markets. He had stakes
in companies all around the world and was also ranked among the world’s
smartest financiers.
However, down the road, Mr. Eldar suffered a serious financial setback
that wiped out nearly all his fortune. But a few years ago, he made a come back
as a broker and a developer of London’s property market.
Having moved to London, Eldar created and runs a company called EEH Ventures. The firm was founded in 2013 and
is involved in real estate investment and development in the UK. According to EEH’s
website, the company has invested more than £900 million in properties with GDV.
The company’s operations are split into two: the investment and
development divisions. EEH invests its own money and that of investors in
strategic real estate projects across the UK, providing value through its team’s
expert designers, developers, financiers, and project managers. A section of
its website reads, “EEH
Ventures specializes in achieving a 5% rental yield on its residential
investments and purchase with a discount on the market price.”
Eldar’s company is also involved in brokerage. While this is not its
core business, the firm has mediated thousands of deals for its clients looking
to buy or sell block apartments mostly in the middle-class areas of London.
To date, EEH has sealed more than 3,000 house sales. According to
sources, Israeli real
estate and hotels tycoon Yakir Gabay is one of the major customers of the
company. Mr. Gabay resides in London and is said to have purchased hundreds of
apartments in the UK through EEH Ventures.
Gabay who has stakes in dozens of companies mainly operates in
German and is said to be a long-time member of the billionaires club.
Eldar is currently engaged
in capital investments, among other things. He is said to be working closely
with Israeli real estate company BSR Group,
where he holds the largest stake alongside other renowned investors including Nachshon
Kivity and Roi Gil, Eldar’s former partner in Gibor Sport.
BSR has worked on
a number of projects in London. One such project was the conversion of an
office building purchased for £40 million in Wembley into a complex with 227-350
small apartments. Developers hope to sell the property for over £100 million.
