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.
By מאיה לוין
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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