Migdal Acquires 20% Stake in Ashtrom Rental Housing for 451 Million Shekels
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 57 minutes ago
What happened
Migdal Insurance and Finance is acquiring a 20% stake in Ashtrom's long-term rental housing operations for 451 million shekels, based on a 2.26 billion shekel valuation. Ashtrom holds over 3,200 housing units in various stages across Israel, including major projects in Tel Aviv, Jerusalem, and Haifa. This partnership underscores the expansion of the rental housing market in Israel.
- 01Migdal acquires 20% stake in Ashtrom Rental Housing for 451 million shekels.
- 02The deal values Ashtrom Rental Housing at 2.26 billion shekels as of Q1 2026.
- 03Ashtrom holds over 3,200 housing units in planning and development stages.
- 04Key projects include Neve Ofer and Hamishtala in Tel Aviv, and Kiryat HaYovel in Jerusalem.
- 05Planned project Shikun HaRofe'im near Tel Hashomer will have 1,189 units.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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