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Amot CEO Sees Office Market Revival Despite Challenges Outside Tel Aviv

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

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First reported by Calcalist · 2 hours ago

What happened

Amot's CEO Shimon Avudraham reports a revival in Tel Aviv's office market after Operation Roaring Lion, with strong leasing activity at key projects like ToHa2 and The Park. Despite a slight dip in overall occupancy, financial results show growth in income and profits. Challenges remain in closing deals outside Tel Aviv, but the company anticipates further leasing agreements soon.

01Amot CEO notes office market revival in Tel Aviv after recent ceasefire.
02ToHa2 tower in Tel Aviv is 75% leased or in advanced negotiations for 2027 occupancy.
03Google signed a 10-year lease for 20 floors at ToHa2, paying about 115 million shekels annually.
04Amot’s NOI rose 3% to 270 million shekels and net profit increased 10% in Q2 2024.
05Occupancy at Amot’s Holon campus grew to nearly 70%, with a major security firm leasing in Modiin.
06Amot stock dropped 26% in 2024, underperforming the TA Real Estate Index’s 10% decline.

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

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