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Live Terminal
Economy · Full coverage

Financial Collapse Halts Construction of 7-Building Housing Project in Kfar Bara

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Financial Collapse Halts Construction of 7-Building Housing Project in Kfar Bara
Center 1Unrated 1

By ליטל דוברוביצקי

First reported by Calcalist · Jul 22, 2026

What happened

Top Capital and Phoenix seek court intervention to appoint a receiver over a stalled 7-building housing project in Kfar Bara due to Megad Lemishtaken's 65 million shekel debt. Construction halted after the contractor, M.G.A.D., filed for insolvency. The petition highlights safety risks and potential damage to the site, requesting urgent court action.

  • 01Top Capital and Phoenix claim Megad Lemishtaken owes 65 million shekels on a Kfar Bara housing project.
  • 02The project includes seven buildings with 85 apartments, 35 subsidized and 50 market-priced.
  • 03Construction stopped after contractor M.G.A.D. filed for insolvency with 107 million shekels in debts.
  • 0456 apartments sold, 29 remain unsold; site abandonment poses safety and financial risks.
  • 05Petitioners request immediate appointment of a receiver to secure the site and prevent damage.
  • 06Megad Lemishtaken's shareholder also owns half of the insolvent contractor M.G.A.D.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story
People
OrganizationsTop Capital, Phoenix, Megad Lemishtaken, M.G.A.D. Building and Investments, Israel Land Authority, Ministry of Construction and Housing, Yehuda Rohe & Co.
PlacesKfar Bara, Central District Court

Full coverage · 2 outlets

The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.

YnetCenter · HebrewJul 22, 2026
Financial Collapse Halts Construction of 7-Building Housing Project in Kfar Bara
CalcalistUnrated · HebrewJul 22, 2026
Financial Troubles Halt Construction on 7-Building Residential Project in Kfar Bara

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