Commercial Real Estate

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.

Globes has learned that a number of companies have formulated a joint appeal to the government, aiming to change procedures and reduce payments for office land. The goal: to incentivize construction, due to the crisis in the high-tech sector and high interest rates.