Striking a deal

Eilam Group and Xpert Financial Ltd. on Monday launched a $1 billion Chinese real estate development fund in Israel, which will be led by Singapore's real estate company, Wing Tai Holdings Ltd.

Eilam Group and Xpert Financial Ltd. on Monday launched a $1 billion Chinese real estate development fund in Israel, which will be led by Singapore's real estate company, Wing Tai Holdings Ltd. The other partners in the fund are Germany's SEB Immobilien, Investment GmbH and Forum Partners Investment Management LLC, of the US.