A significant deal in the logistics industry in Israel. The companies Aspen Group, Ewave Manivs (from the Ewave Nadlan Group) and Kell Insurance and Finance report a joint purchase of land intended for the establishment of an automated logistics center at the entrance to the Port of Ashdod for NIS 350 million. The land has an area of 43 dunams and is located adjacent to the railway that runs through the port. The transaction is carried out in equal parts, so that each of the partners will own a third of the rights in the purchased land after the completion of the transaction.
The companies plan to establish an automated logistics center on the land, with a built-up area of over 30,000 square meters, which will include 2 automated warehouses with a total area of approximately 20,000 square meters with a storage capacity of approximately 130,000 pallets, and an operational building with an area of approximately 10,000 square meters, which will be used mainly for receiving the pallets, providing supporting logistic services and distributing the pallets to customers.
The logistics center will be one of the most advanced, will be operated using an automatic storage system and will include advanced storage, automation systems including conveyors, elevators, cranes and software. The planning of the logistics center is carried out by the Programa company, accompanied by a team of experts with many years of experience in the field. Programa is one of the leading consulting and engineering companies in Israel, and specializes in the planning and construction of logistics centers in Israel and abroad.
Tzufit Harel, CEO of Aspen Group: “The current transaction deepens the activity of Aspen Group in the field of mining and industrial centers, which we identify as an important growth engine in the coming years, and has even held assets from this activity sector for many years, in the Netherlands and Israel. The location of the land, near Ashdod Port, together with our cooperation with Clal Insurance and Finance and the Ewave Group, will make the port that will be built on it the largest port in Israel and will create great value for the property in the years to come. We intend to continue to develop the field of logistics, alongside the development of core activities in the fields of real estate. n that yields in Israel and the Netherlands, as well as the hotel sector, through the investment in Pai Siam, which was made the previous year and we continue to develop and improve its assets, and increase its activities. In addition, Aspen has for many years owned assets in the field of logistics and industry in Israel and the Netherlands, and recently purchased the Zoglovac company’s warehouse in Kiryat Aryeh.
Raz Salzman, Israel Real Estate Manager, Clal Insurance and Finance: “We are happy to cooperate with the Aspen company and the Ewave Group, by signing a significant deal, in the framework of which we will deepen the activity of Clal Insurance and Finance, in the field of logistics, which continues to enjoy high demand. The location of the land at the entrance to Ashdod port together with a new and advanced building at the highest level, produce a winning product. Totally intends to continue developing the field, along with additional business opportunities.”
Ofir Dvir, Chairman of Ewave Nadlan: “The profitable real estate sector, and in particular that intended for logistics, is growing in Israel at high rates. The State of Israel is growing and with it the need for designated areas for supply chain management. For us, our entry into this sector serves as a complementary and important activity to the activity of real estate initiation” for residences in Israel, the urban renewal activity, and the overseas real estate arm that we launched in the last two years in Cyprus.”
Aviv Manibim was represented in the transaction by Adv. Dr. Yael Miron Mazmer and Attorney Yael Bilofletau from the office of Attorney Gross & Co.; and the seller will be represented by Attorney Amos Naim from the office of Herzog, Fox, Neman & Co.