Dalia Properties and Dalia Israel Partner on $8.5 Million Gas Station Complex Acquisition

Dalia Properties, also known as Dalia Neksasim, has announced the completion of a deal to acquire full ownership of the company holding rights to the gas station complex at the Nachshon Junction. The transaction, valued at approximately NIS 31.6 million (about $8.5 million), was made in partnership with Dalia Israel, with both companies holding equal shares in the acquired rights. The Nachshon gas station complex is strategically located on Highway 44, near its intersection with Highway 3, in the Mateh Yehuda Regional Council area, between Ramla and Beit Shemesh. The site currently features a Dalia Israel gas station, a "Joe" convenience store, and vehicle services.

Dalia Properties, which specializes in acquiring, improving, and operating income-generating real estate, particularly focusing on gas station complexes and neighborhood commercial centers, sees significant potential in the Nachshon Junction location. The partnership aims to enhance the property and capitalize on its strategic position by advancing planning and development to expand existing operations and transform it into a commercial hub for travelers and local residents. Future plans include introducing a diverse commercial mix, such as restaurants, fast food, retail, and electric vehicle charging stations.

The planned development involves constructing a two-story building with approximately 1,710 square meters of built area, in addition to maintaining the existing gas station. The ground floor is designated for commerce and dining, while the upper floor will be used for offices. The integration of electric vehicle charging stations and complementary services is also planned, pending necessary approvals.

Felix Shufman, CEO of Dalia Properties, stated that the Nachshon deal aligns with the company's growth strategy, focusing on acquiring assets with real potential for increased revenue and net operating income (NOI). He highlighted the site's central location, significant traffic flow, and existing operations as a strong foundation for adding value through commercial development and expanded uses, a model Dalia Properties intends to replicate.

In related news, Dalia Properties recently signed a 25-year lease agreement with the Profit fitness chain for a full floor of approximately 1,700 square meters at the Castel complex in Mevaseret Zion. This space will house an advanced fitness club and a unique recovery center, expected to open in early 2027 and increase the complex's occupancy rate to 75%.