Inside this spotlight:
11% drop in real estate transactions in 2025 compared to 2024;
Melisron to lease 11 floors to Nvidia at Ofer Park in Yokneam;
Israel Canada acquires 50% of the Galilion and Kfar Giladi hotels for ₪142.5 million;
The TA-Real Estate 35 (TASE: TARLEST) has delivered a 6.56% YTD return
Mehadrin raises ₪253 million in bond issuance with demand hitting ₪350 million.
Migdal Insurance extends a ₪200 million credit facility to Shai Hai Group;
Mitzpe HaShofet wins a RAMI tender in Safed.
Rami Levy Real Estate wins tender in Rishon LeZion
11% drop in real estate transactions in 2025 compared to 2024
According to the Ministry of Finance’s Chief Economist, 8,526 apartments were purchased in December, a 24% decrease compared to December 2024. A total of 84,879 apartments were purchased throughout 2025 in both primary and secondary market transactions. This is an 11% drop compared to sales in 2024. Contractor sales in the free market plummeted by 34% annually.
Melisron (TASE:MLSR) to lease 11 floors to Nvidia at Ofer Park in Yokneam
Construction will begin this year and is expected to be completed in 2028. The initial lease term is for 10 years, with expected revenue for Melisron at NIS 230 million. The 29,000 square meters of space spanning 11 floors will be fully occupied by the tech giant.
Israel Canada (TASE:ISCN) acquires 50% of the Galilion and Kfar Giladi hotels for ₪142.5 million
Israel Canada (TASE:ISCN) is buying the dip in northern tourism, disregarding current security tensions to acquire 50% stakes in two iconic properties.
Video credit: Kfar Giladi Hotel
This is a combined investment of ₪142.5 million for half-ownership of the Kfar Giladi (₪77.5M) and Galilion (₪65M) hotels. CEO Reuven Alkes is betting on a post-war travel boom, expanding the portfolio to 41 hotels (4,552 rooms) and locking in assets in the Upper Galilee and Hula Valley at wartime valuations.
Mehadrin (TASE:MEDN) raises ₪253 million in bond issuance with demand hitting ₪350 million.
Mehadrin (TASE:MEDN) is successfully pivoting from citrus to concrete, leveraging the market’s confidence in parent Delek Group (TASE:DLEKG) with a quarter-billion shekel bond issuance. Demand spiked to ₪350 million in the institutional phase, allowing the company to upsize the bond issuance to ₪253 million.
Secured at a 5.25% unlinked interest rate with a 4-year duration. Proceeds are earmarked for ~500 residential units in high-demand areas (Ashdod, Hadera, Ra’anana), accelerating the agricultural giant’s transformation into a residential developer.
TA Real Estate-35
Sector Outlook: The TA-Real Estate 35 (TASE: TARLEST) has delivered a 6.56% YTD return, a figure that serves as a powerful counter-narrative to the headlines of a frozen market. While the index showed a modest weekly gain of 0.33%, its performance since the start of 2026 suggests that institutional investors are no longer in a wait-and-see mode but are actively repositioning.
Capital is looking past the current 11% contraction in residential transactions and the record inventory of unsold homes, choosing instead to front-run the recovery cycle triggered by the Bank of Israel’s January rate cut to 4.0%.
The TA-RealEstate Index is comprised of the 35 largest companies in the TA-RealEstate index, classified under the real-estate sector, which meet the index criteria.
Migdal Insurance extends a ₪200 million credit facility to Shai Hai Group
Migdal Insurance (TASE:MGDL) is deepening its exposure to residential development.
Migdal provides a ₪200 million financing package to Shai Hai Group (owned by Ofer Biton). Beyond interest, Migdal gets options to buy 12% of the company, a ‘loan-to-own’ strategy that provides upside equity participation.
Mitzpe HaShofet wins a RAMI tender in Safed.
Mitzpe HaShofet Ltd. has won a tender in Safed’s Ramot Razim South neighborhood. The company will pay ₪1.5 million (excluding development costs) for the land to construct 120 assisted living units on a 3,100 sqm plot. This highlights the continued demand for senior living facilities in the periphery, even amidst security tensions in the north.
Rami Levy Real Estate (TASE:RMLI) wins tender in Rishon LeZion
Rami Levy Real Estate will execute an urban renewal project in Rishon LeZion. Under the plan, 64 housing units in 5 buildings will be demolished, to be replaced by approximately 220 new units. Recent project wins across Israel now total a pipeline of approximately 4,000 new housing units. The company recently raised NIS 520 million in its IPO at a pre-money valuation of NIS 2.95 billion. Following the announcement, Rami Levy Real Estate stock dropped 0.05%; since the start of the year the stock has risen by 6.5%.
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Disclaimer: This brief is for informational purposes only and does not constitute investment advice. All data current as of publication date.
