New Shopping Center in Arad to Feature Rami Levy Partnership
Translated & summarized from Maariv by baba
A new 11,000-square-meter shopping center featuring shops and restaurants is planned for Arad, Israel, with an investment of approximately 130 million shekels. The project, a partnership involving Rami Levy, has received a building permit and is expected to open in November 2026. GT Real Estate is managing the development and is in advanced talks with commercial chains for leasing spaces within the complex.
The story in 5 lines · by baba
- A new 11,000 sqm shopping center is planned for Arad with an investment of 130 million shekels.
- The project is a partnership that includes the well-known businessman Rami Levy.
- The complex has received a building permit and is expected to open in November 2026.
- GT Real Estate is negotiating with commercial chains to lease spaces in the new center.
- The center will be located in Arad's industrial zone, outside the city center.
A new commercial complex spanning 11,000 square meters of shops and restaurants is set to be built in Arad, southern Israel, with an investment of approximately 130 million shekels. The project has already received a building permit and involves a well-known business partner, Rami Levy. The complex is slated to open in November 2026.
Despite securing the building permit, the final mix of stores and businesses has not yet been determined. GT Real Estate, the company behind the project, is in advanced negotiations with commercial chains to lease spaces within the complex. The names of the specific chains that will operate in the project have not yet been released.
The planned center will be located in the industrial zone at the western entrance to Arad, outside the city center, and is expected to serve as an additional commercial hub for residents of the area. This Arad project joins GT Real Estate's existing portfolio of commercial centers, primarily in southern Israeli cities and other locations across the country.
Three months ago, GT Real Estate acquired full rights to the Rosh Pina Mall, including its adjacent parking lot and land. The Rosh Pina Mall encompasses approximately 4,750 square meters of retail space. Currently, GT Real Estate owns nine active income-generating properties under the brand GT Centers in cities such as Sderot, Netivot, Ofakim, Jerusalem, and Eilat. In addition to its current holdings, the company is advancing six other projects in various stages of development, including two in Dimona, projects in Ofakim, Arad, and Hazor HaGelilit, and a large logistics complex in Ofakim.
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