Gav-Yam in the media

Avi Jacobovitz, CEO of Gav Yam, declares that the company was not yet harmed by the Corona crisis and that Israel’s hi-tech industry is also continuing as usual * However, he admits that the company is more careful when taking adventures: “Where once we used to gamble and begin building without having a single tenant, we will now make more informed decisions” | By Hadas Magen

The cornerstone for “Gav Yam Hebrew Park” was laid this morning at the Hebrew University Campus in Jerusalem, marking the launch of one of the capital’s most intriguing projects: The new hi-tech park, covering 30 dunams at the University’s Givat Ram Campus, will be built by Gav Yam at a total investment of 1.4B NIS and it will serve as the first occupational hi-tech park to operate on the grounds of an academic campus in Israel.

The yielding real estate company, which expanded two debenture series, reported demands of 1.15B NIS and raised 906M NIS. The round’s success was derived of the quality of its tenants – mainly hi-tech – its low leverage rate and the institutional investors’ thirst for investments that will give them peace of mind

During his visit, Ashkenazi noted the commitment to relocating IDF’s technological units to the Negev, including C4I and Intelligence Units

Earlier this week, the yielding real estate company signed a 10-year compound rental agreement with Agam Logistics and Storage, whose annual rentals fees total over 4M NIS

Earlier this week, the yielding real estate company signed a 10-year compound rental agreement with Agam Logistics and Storage, whose annual rentals fees total over 4M NIS

The company will distribute 200M NIS in dividends * VP Finance: “Controlling shareholder Elsztain did not pressure us into distributing another dividend; management is independent and strong”

Yielding real estate company Gav Yam concluded Q2/2020 with an increase in all operational parameters – despite Corona * Rental revenues totaled 133M NIS – 5.6% higher than the respective period in 2019 * Company CEO: “We signed 68 rental agreements in the first six months”

The yielding real estate company reported Q1/2020 revenues of 168.6M NIS, rental income increased by 12.2% to 129M NIS; Gav Yam noted that the majority of its properties is rented to strong hi-tech companies like Intel, Microsoft and Google, thus it was not impaired by the economic shutdown caused by Corona

The company has successfully completed the institutional phase of issuing a new series in which it recorded demands of 1.43B NIS * Sigma CEO: “Israel’s capital market has joined a series of global markets in which companies raise funds at negative interest rates”
Omri Cohen 18 Feb. 2020

Eduardo Elsztain’s yielding real estate company raised 777M NIS yesterday after demands of 1.4B NIS. The minimal interest and surges in 2019 real estate prices enable inexpensive debt issuances in the industry

2019 revenues increased by 36%, mainly derived of property rentals, which grew by 11%; the surge is closely related to Company revaluations this year, gaining 74.4% and amounting to 359M NIS; the revaluations were derived of a decline in the properties’ weighted rate of return