The company holds 510,000 square meters of profitable properties throughout Israel, England and Germany, in various sectors: offices, hotels, industrial, retail and logistic centers. The company is public and is traded in Tel-Aviv stock market since its IPO in 1991.
The Ashtrom Group
Ashtrom Group, one of the largest and leading construction and real estate groups in Israel, was founded in 1963 and has been owned and managed by several families for generations. The Group has extensive and diverse activities in the field of construction and real estate, and includes companies involved in construction, franchising, residential and real estate. In addition, the Group operates in the international arena through extensive operations in Africa, Eastern Europe and the United States. The Group has maintained economic stability and financial strength over the years, and its securities are listed for trading on the Tel Aviv Stock Exchange’s Tel Aviv 125 Index.
Ashtrom Properties – Areas of Activity
Offices – The Company owns and manages several office towers throughout the country, including hi-tech and technology complexes, populated by tenants from the liberal professions, alongside leading global companies in pharmaceutical and more. Investments in the properties are focused on environmental development, allowing for urban open spaces, access roads, a dynamic work environment and more.
Retail – The Company owns and manages several properties nationwide in the retail sector. The extensive property portfolio combines urban shopping centers, malls and integrated shopping projects, which are an example of the Company’s long-term strategy.
Industrial and Logistics – Among the various companies Ashtrom property holds, you can find Ashlad which, is involved in the development, management and rental of industrial and logistics properties, scattered throughout the country and mainly in the suburbs.
Ashtrom Properties Germany – The Company has been operating in Germany for over a decade and holds an impressive portfolio of properties of approximately 150,000 square meters located in multiple cities, including Düsseldorf, Hamburg, Wolfsburg, Leipzig, Dortmund and Hesse. Amongst its tenants – Deutsche Telekom, the main supplier of electricity to the country and more. One of the notable acquisitions the Company has completed was the purchase of three office towers in Düsseldorf, Boblingen and Mannheim, worth 335 million NIS.
Ashtrom Properties UK – In May 2019, the Company completed its first acquisition – an office tower covering 34,000 square meters, located in Liverpool’s business center.
Selected Existing Properties
Hod Hasharon Towers – the “Hod Hasharon Hi-Tech Park”, covers 30 acers in Neve Ne’eman Industrial area. The Park offers five towers with a total built up area of 70,000 square meters.
The Hutzot Ha’Mifratz Outlet Center – Israel’s largest commercial complex, covers an area of 150,000 square meters and offers a variety of retail shops.
Bat Yam Mall – The mall was originally opened in 1992 and offers 130,000 square meters of commercial space on three levels along with 1,000 parking spaces.
Netanya – The property offers a unique structure which allows for retail and offices over four levels, each covering 4,000 square meters. The property is unique in the shape of a Rotunda (circular hall)
Rosh Pina Mall – The property has an authentic architecture design and offers two levels of and covers 7,500 square meters.
V TOWER – The office tower joins the company’s portfolio of properties in the BBC Business Complex, construction of which the Company has been involved from initiation, marketing, construction, to full occupancy.
Vita House, Bnei Brak – This is the oldest of three projects of the company in the BBC Business Complex and offers 13,000 square meters of built up space for offices and retail.
The Jerusalem Light Rail (tram/train) – a B.O.T project, and the first of its kind in Israel. Since its operation in 2011, the train has moved more than 160,000 passengers daily and has reduced the level of air pollution by approximately 70%. 21% of the share capital is held by ‘City Pass’ (the franchisee of the ‘Red Line’) and ‘Connect’ (the operator of the ‘Red Line’), which is owned by Ashtrom Properties, along with Ashtrom Group’s holding of 29% of the shares in these companies.
Future Properties,Planning and Construction
LYFE – Ashtrom & Dan’s business complex – The project is located in the heart of the BBC Business center, a strategic location in front of the Yarkon Park and a top-notch management and services standard. The complex offers two office towers and a commercialspace covering over 100,000 square meters.
Yavne Hi-Tech Park – An advanced and innovative office towers, designed as a ‘green campus’ and intended for hi-tech and technology companies, offering 85,000 square meters in three main buildings.
The Diamond Stock Exchange complex, Ramat Gan – A prestigious office tower in the heart of the Stock Exchange area’ covering an 50,000 square meters.
Jaffa road, Jerusalem – This project was built in partnership with the Balilius Family, AKA Real Estate company, and Drori Real Estate and combines residential, office and commercial space.
Talpiot Jerusalem – A complex combines showrooms, commercial and office space covering 10 acers in a prime location.
Liberty Tower Bat Yam – Along with the renewed Bat Yam Mall, an advanced complex will be built and will combine residential, office and commerical spaces.
Ness Ziona – On 7.5 acers, Ashtrom Properties is planning an office tower, in partnership with The Service and Giga Management companies.
Additionaly, Ashtrom Properties is in advanced stages of planning across multiple locations in Israel for development of circa 300,000 sqm of commercial and residential properties.
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