Noni Mozes Sells Half of Yedioth Ahronoth Complex in Rishon Lezion for 160 Million Shekels

Noni Mozes, owner of the Yedioth Ahronoth media group, sold half of the group's property complex on Nahum Mozes Street in Rishon Lezion to SAL Real Estate for approximately 160 million shekels. The transaction was completed about six months ago. SAL Real Estate announced plans to upgrade the property and promote a new urban building plan that includes mixed-use development.

The complex sits on a 38-dunam plot in the industrial area of western Rishon Lezion overlooking the Ayalon highways. Yedioth Ahronoth acquired the land in the late 1980s and consolidated its various media operations there by 2016, after moving from Tel Aviv. The complex consists of two main buildings: a southern 30,000-square-meter printing house and a northern 20,000-square-meter office building housing editorial and management teams, with underground parking for 650 cars. Following staff reductions and office space consolidation, the media group now occupies only the first and second floors, leasing out the remaining space to various companies including Discount Bank.

SAL Real Estate specializes in acquiring, developing, and leasing industrial, logistics, and office properties. It owns about 20 income-generating assets and projects totaling over 350,000 square meters, including notable properties in Netanya, Rishon Lezion, Haifa Bay, and the Galilee. The company is led by founder and CEO Yoav Liran and includes prominent investors such as Natan Hatz, the Levnat family, and Dr. Peter Linneman, a former Wharton professor.

No official comments were provided by Yedioth Ahronoth or SAL Real Estate regarding the deal.