Economy · Full coverage
Migdal Acquires Gindi Family's 25% Stake in Rishon Lezion's Kanyon Hazahav for NIS 840 Million
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 3 hours ago
What happened
Migdal is acquiring the Gindi family's 25% stake in Kanyon Hazahav in Rishon Lezion for about NIS 840 million, expanding its ownership of the mall. The mall is undergoing renovations and new developments, with a potential sale of majority ownership to Melisron still awaiting regulatory approval.
- 01Migdal buys Gindi family's 25% stake in Kanyon Hazahav for NIS 840 million.
- 02Migdal previously acquired 75% of the mall nearly 20 years ago for NIS 1 billion.
- 03A planned sale of 51% to Melisron for NIS 818 million is pending antitrust approval.
- 04Renovations include a NIS 180 million glass facade upgrade and a new Platinum Floor with flagship stores.
- 05Future plans involve a new food court and possible office tower construction.
- 06Kanyon Hazahav is a strong regional mall with high occupancy and rental rates.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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