Ashtrom

Ashtrom has agreed to sell the Rosh Pinna Mall to GT Real Estate for 48.5 million shekels. The new owner aims to boost the property's annual net operating income from 3 million to 5 million shekels.

Ashtrom Group reported second-quarter losses driven by high financing costs. The company detailed sales figures for major projects and outlined its forecast for a residential market rebound in 2027.

The company recorded a decrease in apartment sales in the second quarter of the year, but an increase in sales on a semi-annual basis. At Ashtrom, they admit that "there is a decrease in sales, but interest rate cuts will increase sales, including in high-demand areas." How many apartments did it manage to sell in the last 3 months?

Police shut down two construction sites of a contractor operating without a license following a fatal accident. Tel Aviv Municipality to relocate its separate beach to the city's north. BST Group, Phoenix, and Menora Mivtachim acquired a residential portfolio in Canada for 332 million shekels.