Real Estate Investments

VAR has been working in the Real Estate sector since 2004 with Even Zahav, a level 5 Israeli construction company. 

In 2012 with DK, a US $38B global Fund on Elbit Imaging, Plaza Centers and Africa Israel with over $5B in global Real Estate including hotels, residential and commercial in different locations. Mr. Kfir served as the Executive Chairman of the Board of Plaza, Board member in Elbit Imaging and similar positions.

In 2016 VAR worked with 2 large US funds on Hellas Capital Leasing in Greece, a $600M Greek Real Estate portfolio with hotel and commercial properties acquired from Credit Agricore.

Since 2019 VAR is investing and developing in Greece through a local subsidiary, VAR-Nefeli SA.

Its first project was the famous 6,000 sqm Nefeli hotel in Panorama, Thessaloniki that VAR turned into one of the city’s most luxurious residential building with several awards.

In 2023 VAR started to focus on the parking industry with acquisitions in Greece.

 In 2024 it agreed on an EU parking JV with one of the EU’s largest parking asset managers. 

In 2025 it agreed to form a parking acquisition JV with one of the world’s largest financial institutions targeting $1B in gross assets. 

VAR is a flexible and creative player and can acquire direct properties, portfolios, debts and Real Estate related companies.