Ashtrom Group Ltd.

• Construction of Large Scale Building Complexes and Infrastructures Including P.P.P, D.B.O.T, B.O.O and P.F.I Schemes in Israel and Overseas • Real Estate Development, Marketing and Sale of Residential and Commercial Projects • Initiation, Procurement and Management of Income Generating Properties in Israel and Overseas • Planning, Manufacturing, Marketing and Sale if Industrialized Elements, Raw Materials and Complementary Products for All Construction Industries


Founding Year 1963
Address 10 Kremenetski St., Tel Aviv 6789910 - View Map
Phone 972-3-6231212
Fax 972-3-6231213
Email [email protected]
Social Networks
Company Website


Avraham (Rami) Nussbaum, Chairman of the Board, Ashtrom Group Ltd.

Avraham (Rami) Nussbaum

Chairman of the Board

Gil Gueron, Chairman of the Board, Ashtrom Group Ltd.

Gil Gueron

Chairman of the Board

Oren Nussbaum, Deputy Managing Director – Finances & Business Development, Ashtrom Group Ltd.

Oren Nussbaum

Deputy Managing Director – Finances & Business Development

Alex Lifshitz, Deputy Managing Director - Industries & Administration, Ashtrom Group Ltd.

Alex Lifshitz

Deputy Managing Director - Industries & Administration

Yaron Meshorer, Deputy Managing Director - Construction & Concessions, Ashtrom Group Ltd.

Yaron Meshorer

Deputy Managing Director - Construction & Concessions


The ASHTROM GROUP, one of Israel's leading construction and real estate companies, has set as its cornerstone a commitment to the provision of professional and comprehensive solutions for its customers, from top to bottom. Ashtrom, traded on the Tel Aviv Stock Exchange (ASHG), TA-125, was founded in 1963, and since then has been running its subsidiaries in an optimal manner to generate the utmost value for its varied activities in Israel and worldwide.

Excellence in Construction
For more than 57 years the ASHTROM GROUP has been a leader in the construction and real estate fields and its history is intertwined with the development of the State of Israel as well as other parts of the world. Right from the outset, Ashtrom has built around 118,000 housing units, some 1,200,000 sq.m. of commercial areas, offices, hotels and public facilities, about 1,800,000 sq.m. of business and industrial buildings, together with national and international infrastructure mega-projects. The ASHTROM GROUP has been nurturing in its employees the aspiration for initiative and innovation, reliability and professionalism, based on high and uncompromising standards. The spirit of excellence instilled in generations of Ashtrom employees combined with its substantial and continued financial robustness, will be at the bottom of the Group’s vigor for many years to come.

The ASHTROM GROUP operates in Israel directly and through companies involved in all aspects of construction and infrastructures, holding all required classifications and possessing financial capabilities for the entire range of such projects. Ashtrom Construction companies adhere to a scale of values based on a high standard of construction by employing skilled and professional personnel, with a firm commitment to meeting budgets and schedules, undivided attention to customer satisfaction and strong environmental awareness.

The Group operates countrywide and via companies such as Ashtrom Engineering & Construction, Ashtrom Jerusalem and Ashtrom Construction-North, handling a wide range of projects including luxury towers, residential developments, office buildings, hotels, commercial and industrial facilities.
The ASHTROM GROUP is a pioneer in industrialized construction in Israel: Its Ashcrete Plants in Ashdod produce prefabricated elements for a wide range of private and public companies in the construction, infrastructures, logistic and defense industry fields. The plants also manufacture transportable structures and various industrialized elements for M.L.T., which specializes in the design and erection of all types of educational buildings to tight and efficient schedules. The ASHTROM GROUP also specializes in complex underground operations through Base-Pile, which carries out all types of foundation construction and groundwork.
Selected Projects: Alon Towers, Suzuki & Acro Tower, Tel-Aviv; LYFE Project, Bene Brak; Da Vinci Project & Arlozorov 17, Tel-Aviv; Gindi Project, Or Yehuda; Saidoff & Turim Projects, Jerusalem; Ashdar in Tirat Ha’carmel; Beresheet Hotel, Mitzpe Ramon; Orient Hotel, Jerusalem; High Tech Park, Hod Hasharon; Tara Plants, Netivot.

The ASHTROM GROUP undertakes major land, air and maritime transport infrastructure projects mainly for governmental entities such as the Israel Ports Company, Israel Airports Authority, Israel Railways, Netivei Israel, Highway 6, local authorities and B.O.T projects in all parts of the country.
The ASHTROM GROUP has built, with a partner, The new HaMifratz Port in Haifa, with a budget of some NIS 4 billion. Through its Drachim subsidiary, the Group carries out the Fast Lanes Project in Highway 20 Ayalon (K.K.L. to Hertzliya), has laid the apron and runway system at the new Ramon Airport in Timna, as well as roads and interchanges around the country.
Additional Projects: Highway 531 North, Netivot Goral Rail alignment section, Carmel Tunnels, Jerusalem Light Rail Project, HaYovel Port and the Marina Projects in Ashdod, sections of Highways 6, 4, 3 & 90.

Ashtrom Industries, through its subsidiaries, is engaged in the production, development, marketing and application of specialized raw materials, a wide range of products and supplements for the construction industries. Ashtrom delivers to its customers high quality materials and professional and technical solutions, all meeting SII standards.

Companies Operating in this Field:
Israbeton — One of Israel’s leading companies in the manufacture and supply of ready-made concrete products, owning a fleet of mixers and concrete production facilities countrywide.
Ashkalit 268 — Markets white blocks for green construction, light in weight and having a high level of thermal and acoustic insulating properties.
Ashbond — Manufactures and supplies gypsum blocks for advanced interior partitions of prestigious residential and business projects.
B.G. Technologies — Specializes in the development, manufacture & marketing of supplementary products for finishing and painting operations, providing solutions for adhesion, cladding, decorative coatings and concrete additives.
Itumit — Supplies sealing and insulation products and concrete spraying solutions for all types of complex projects and structures.
Netivei Edomit & Sorek Quarrying — Providing a wide range of quarried and crushed materials for concrete and asphalt blends for the construction and infrastructures industries.
Zahavi Atzmon — Imports and markets marble and ceramic products, granite tiles, parquet and a variety of high-end sanitary ware countrywide.

The ASHTROM GROUP carries out large scale transport enterprises, public and governmental building operations and rental housing schemes specializing in P.P.P, B.O.T & P.F.I type concession projects. These projects are based on close cooperation between the private and the public sectors and the financing entities.
Ashtrom Concessions owns about 1,200 residential units for rental in Israel’s 3 major cities: Neot Peres in Haifa (completed), The Gadna and Mashtela projects in Tel Aviv and Kiryat HaYovel in Jerusalem (under construction).
Ashtrom has completed the courthouse in Bat Yam – joining 4 other courthouses which the Company has already built and maintains. Ashtrom also has built and operates the Ben-Gurion University students’ halls of residence.
The Company has holdings in CityPass, the concessionaire of the Jerusalem Light Rail Project.
Ashtrom Concessions usually undertakes the planning and construction of these large-scale concession projects, as well as operation and maintenance throughout the concession period.

The ASHTROM GROUP has been active for about 50 years in a variety of construction and infrastructure projects overseas, through subsidiaries incorporated under Ashtrom International.

Main activities abroad:
Construction & Infrastructure – Ashtrom has a wide range of projects in the construction of housing, offices, hotels, hospitals and public buildings. The Company has gained experience in large scale infrastructure projects, such as the construction of highways, bridges, airports, water and sewage treatment facilities and fuel depots.
Ashtrom has completed the construction of some 120,000 sq.m of housing units and public facilities in Zambia and is now building a major hospital in Zambia’s capital. The Company is also operating in Jamaica & Nigeria and endeavoring to win further projects in other countries.
Residential Development – Ashtrom is highly active in entrepreneurship and the development of housing estates in the USA; its flagship project is the Oakhills development in Orlando, Florida, including land for thousands of residential units, in advanced stages of development, construction and marketing of luxury houses and self-building lots.
The Company has also started the construction of a unique housing development in Gaia, Portugal.
Income Generating Real Estate in Eastern Europe – Ashtrom owns and operates a luxurious commercial center and hotel complex, in the historic center of Belgrade, Serbia.
The Company also owns and manages several income generating properties in Romania and Bulgaria.

Ashtrom Properties, part of the ASHTROM GROUP, traded on Tel-Aviv Stock Exchange (ASPR), TA-125 leads in the initiation, procurement, building and management of yield bearer properties both in Israel, Germany and England. The Company procures and develops income generating properties accommodating offices, commercial and industrial facilities, covering a total of 508,000 sq.m. Ashtrom Properties has a solid reputation and together with a stable financial position and a long-term vision it provides high quality and efficient management and maintenance services for assets in its possession. The Company also holds investment in the Jerusalem Light Rail Project.
Selected projects: LYFE Complex, Bene Berak; City Gate & Talpiyot Projects, Jerusalem; Bat Yam Mall; Hutzot HaMifratz Outlet, Haifa; V-Tower, Bene Brak; Hod HaSharon Hi-Tech Park; Government Complex, Beer Sheba; Amdocs Park, Negev.
Properties in Germany & England: Ashtrom Properties possesses an extensive 150,000 sq.m. of office buildings in Germany. The Company acquires, develops and manages properties mainly in Dusseldorf, Leipzig, Frankfurt, Hanover, Hamburg, Wolfsburg, Boblingen, Mannheim, Dortmund & Essen. Ashtrom Properties has recently purchased an office building in the city of Liverpool, England.

Ashdar, part of the ASHTROM GROUP, is a leading development firm engaged in the initiation, marketing and sale of high-quality residential projects countrywide. Ashdar sells hundreds of units per year and has thousands of units in various planning stages. The Company places great emphasis on planning its buildings with high environmental orientation. Ashdar is a leader in urban renewal projects, participating in the initiation, planning and marketing of a wide range of Pinui-Binui Projects, as well as TAMA 38 Projects, carried out by Ashdar Boutique.
Selected Projects: Trio Poject, Haifa; Recanati & Tagore Projects, Tel-Aviv; HaHotrim, Tirat HaCarmel; Agamim Project, Netanya; Ashdar Kfar Yona & Harish; Ashdar Kiryat Eliezer, Haifa; Ashdar Monosson; Ashdar Kiryat Motzkin; Ashdar Ganei Tikva.

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