Aspen Group Ltd.

Income-generating real estate properties in Israel and abroad. The acquisition, improvement and management of such properties for offices, commerce, and industry


Founding Year 1978
Address 2 Ha'Shlosha St., Tel Aviv 6706054 - View Map
Phone 03-5652222
Fax 03-5652225
Email [email protected]
Company Website


Tsofit Harel, Chief Financial Officer, Aspen Group Ltd.

Tsofit Harel

Chief Financial Officer

Guy Pereg, CPA, Chairman of the Board, Aspen Group Ltd.

Guy Pereg, CPA

Chairman of the Board

Bert Knot, VP, Aspen Group Ltd.

Bert Knot


Guy Elias, Chief Executive Officer, Aspen Group Ltd.

Guy Elias

Chief Executive Officer


The Aspen Group was established in Israel in 1978 and specializes in income-generating real estate properties in Germany, the Netherlands, and Israel. Aspen manages quality rental buildings with a total area of 375,000 square meters, which serve for offices, logistics, industry, and commerce.

Aspen reports constant growth in assets, along with increased net profit, improved liquidity and financial robustness.
In addition, Aspen owns 300 solar systems.

Aspen Group Ltd.
Aspen’s exceptional reputation has been earned over its thirty years of perseverance and dedication. The shares of Aspen Group Ltd. are traded on the Tel Aviv Stock Exchange. Its balance sheet totals NIS 3 billion and its shareholders’ equity (including minority interests) totals NIS 717 million, with revenue in 2017 of NIS 195 million. The Company’s debentures are rated A3, by Midroog Ltd.

Aspen’s business strategy focuses on acquiring income-generating properties with potential for profit and high cash flows in Israel and abroad, while spreading its risks, supervising investments and maintaining high returns. It strives to maintain the highest professional level through long-term planning, learning, evaluation, and risk analysis while integrating innovation and creativity both in its internal management and in the management of properties and relationships with tenants.
As part of its strategic approach, Aspen believes that it is possible to conduct economic and business activities while contributing to the environment, by identifying green investment channels, proper planning and verifying implementation in the field.

International Activities
Aspen’s growth engine is the acquisition of income-generating properties in stable markets in Western Europe while operating primarily in Germany and the Netherlands. This activity is carried out through subsidiaries, focusing on properties with the potential for improvement.
Aspen has recently acquired, along with partners, a portfolio of 9 office buildings in the Netherlands, at an investment of NIS 550 million.

Leading Investments Abroad
Düsseldorf – an office building leased to Deutsche Telekom,
Munich – an office building leased to Escada,
Stuttgart – an office building leased to the State,
Amsterdam – an office building leased to Atradius,
Zwolle – a logistics center leased to Office Depot,
Almelo – a logistics center leased to Timberland,
Delft – an office building leased to 3M,
Hoofddorp – an office building leased to Kawasaki.

Leading Income-Generating Properties in Israel
Kfar Saba – an office building • Rosh Ha’ayin – an office building • Ashkelon – the “Hutzot” Shopping Mall • Petach Tikva – offices and logistic centers • Migdal Ha’Emek – the “Lev Ha’Emek” Shopping Mall • Nahariya – an office and commercial building • Nazareth Illit- industry and offices • Ofakim – industry.
Solar Field
Aspen owns 300 solar systems. In 2017, the company sold 49% of its holdings.

Ownership Structure
Roni Zarom, the owner of Zarom Holding Limited, holds 47% of the Aspen Group’s shares, while the remaining shares are held by financial institutions, such as Meitav Dash, Menorah Mivtachim, Harel Investments and the public.

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