Barak Rosen (Hebrew: ברק רוזן), is an Israeli real estate developer, entrepreneur and businessman. He is the founder, owner and CEO of one of Israel's largest real estate development company - Israel-Canada (T.R),[1] a public traded company with a market cap of NIS 4.27 Billion (as of 10/9/2024), known for its buildings in central Israel.[2]
Barak Rosen | |
|---|---|
 | |
| Born | 1971 (age 52–53) |
| Nationality | Israeli |
| Occupation(s) | Real estate developer and businessman |
| Known for | Founder, owner and CEO of Israel-Canada group |
| Spouse | Vered Rosen |
| Children | Ben, Li and Rom |
| Website | www |
Biography
editRosen was born in Ra'anana in 1971. After graduating from Ostrovsky high school, where he met his future partner - Asaf Touchmair, he served in the IDF.
After completing his service, Rosen and Touchmair began in 1995 working as a real estate brokers. shortly after they opened their own firm - "Penthouse Real-Estate", and within a year the firm hired 10 brokers.
In 1996 Rosen and Touchmair founded a company that specialized in purchasing agricultural land before it received residential and commercial zoning permits, by dividing and selling it to private buyers.
As a result of the local economic crisis in 1998, Rosen and Touchmair decided to move to Toronto, Canada where they began buying and renovating residential real estate complex under their new company - Canada-Israel.
In 2006 Rosen and Touchmair bought a public shell in Tel-Aviv Stock Exchange - Pangaya Real Estate. A year later Rosen managed to raise Howard Brevan Hedge fund to buy 4.9% of Pangaya for NIS 7.3 Million.[3] Pangaya later changed its name to Israel-Canada (T.R) and held Rosen and Touchmair real estate operation in Israel.
In 2006 Rosen led the building of Israel's tallest residential building at the time - W Tower (511 ft.), completed in 2010 at Tzamarot Ayalon.[4] In the coming years he completed the construction of 3 more Skyscrapers in the neighborhood: W Boutique Tower, W Prime and Rom Tower.
In November 2017 Rosen completed the allocation of NIS 100 Million to Israel-Canada from Israeli institutional investors, at a company value of NIS 755 Million, after an increase of 400% in the company's share price, since 2014.[5] In February 2018 Israel-Canada (T.R) began trading in TA-125 Index.
In September 2024 Rosen and Touchmair led the purchase of Brown Hotels with its 18 hotels (1,847 rooms) via Israel Canada Hotels (a subsidiary company of Israel-Canada), for NIS 100 Million.[6] At the following month Rosen and Touchmair partnered with Adam Neumann and Assaf Rappaport, which invested $ 27 Million in Canada Global - the international arm of the investment group Israel Canada.[7]
Rosen also invest privately in various companies, including City Transformer[8] and Tikun Olam Cannbit Pharmaceuticals[9]
Recognition
editIn 2020 Rosen joined the Israeli delegation at the first historical Israel-Dubai business conference, that took place in UAE.[10]
In 2022 Rosen was placed on the Forbes Israel 100 rich list, ranking him and Touchmair on the 83rd spot, via their holdings in Israel-Canada.[11]
Personal life
editRosen is married to the architect and artist Vered Rosen, they have 3 children: Ben, Li and Rom, and they live in Herzliya Pituah.
References
edit- ^ "Real Estate Development Listed Companies". Duns100. 2024.
- ^ "CTBUH Silver Member Canada Israel". The Skyscraper Center. 2023.
- ^ Shpurer, Sharon (15 Feb 2007). "U.K. Hedge Fund Invests in Pangaea". Haaretz.
- ^ Dvir, Noam (3 Aug 2011). "Two Tel Aviv High Rises Nominated for International 'Tall Building Award'". Haaretz.
- ^ Levy, Aviv (13 Nov 2017). "Israel-Canada raises NIS 100m from Israeli institutions". Globes. Retrieved 13 Nov 2017.
- ^ Sternlicht, Hezi (19 Sep 2024). "Israel Canada to buy Brown Hotels chain". Globes. Retrieved 19 Sep 2024.
- ^ "Adam Neumann invests in Israeli real estate company". The Real Deal. 1 Oct 2024. Retrieved 1 Oct 2024.
- ^ "Israel Mobility - Feb. Newsletter". TheAutonomous, China & Israel AutoTech News. 14 Feb 2021. Retrieved 14 Feb 2021.
- ^ HALON, EYTAN (12 March 2019). "SodaStream CEO Birnbaum joins bubbling medical cannabis race". The Jerusalem Post. Retrieved 12 March 2019.
- ^ Zoref, Naomi (23 Nov 2020). "The Who's Who of the first Israel-Dubai business conference". Calcalist.
- ^ "Forbes Israel 100 Rich List: The Wealthiest People in Israel 2022". Forbes Israel. 1 Sep 2022. Retrieved 1 Sep 2022.