Magurit
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Aug 23, 2026
23:00Calcalist
Business
Almogim plugs holes from the real estate crisis; sells apartments at a loss to Magurit
The slowdown in sales and rising construction costs are pressuring residential developers. Almogim has sold 54 units in its Rehovot project to the Magurit REIT fund, expecting a loss of 6–7 million shekels.
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