Economy · Full coverage
BIG Sells Key Shopping Centers in US and France to Focus on Balkan and Eastern European Markets
How 2 Israeli newsrooms covered this story — translated into English and compared side by side.
Unrated 2
First reported by Calcalist · 7 hours ago
What happened
Israeli real estate group BIG sold major shopping center assets in the US and France as part of a strategic focus on the Balkans and Eastern Europe. The company completed an $103 million sale of a Nevada shopping center and agreed to sell its French logistics operations. BIG plans to exit the US market entirely by 2026, reallocating resources to growth regions.
- 01BIG sold 80% of its Nevada shopping center for $103 million, above book value.
- 02The company plans to sell its last US asset by end of 2026, exiting the American market.
- 03BIG agreed to sell its 50% stake in French logistics firms for about 23.4 million euros.
- 04The French deal includes loan repayments and guarantees from the local partner.
- 05CEO Chai Galis said sales generate cash to expand in the Balkans and Eastern Europe.
- 06BIG focuses on shopping centers in growth markets with high returns and competitive advantages.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 2 outlets
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