Neocity Group and Poalim Capital Markets, a subsidiary of Bank Hapoalim, Israel's largest financial group and one of the top 130 banks world-wide, joined together to establish the privately held Poalim Real Estate Fund.

Poalim Capital Markets is Israel's leading investment bank, providing a wide range of Investment Banking and Private Equity services to corporations, institutional and private investors throughout the world.

Neocity Group and Poalim Capital Markets act both as the General Partners and major investors of Poalim Real Estate Fund.

Poalim Real Estate Fund is a $92 million private equity fund focused on real estate development in Eastern Europe. The fund enables private investors to gain access to high-potential real estate markets, and to take part in large-scale projects that are usually inaccessible to the general public.

Poalim Real Estate Fund focuses on the development, construction and sale of select residential and commercial real estate investment projects where significant profit potential is identified. The Fund invested primarily in Eastern Europe, mainly in Romania and the Czech Republic.

The fund's Management team offers experience and expertise with current market terms and financing alternatives within its target markets.