Donitz publishes financial statements after the merger with the new Elad Israel Residential

by time news

The scope of the company’s activity is climbing sharply, as the company significantly increased its backlog of projects from 9 to 28, of which 6 are in progress, and deepened its grip in the field of urban renewal. Among the main projects are the Histadrut complex in Givatayim, the youth complex in Ramat Hasharon, the artists’ complex in Rishon Lezion, the northern complex in Tel Aviv Park, the Rothschild complex in Haifa and more.

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The company has about 11,500 units (including partners and land owners) in various stages with an expected gross profit amounting to about NIS 3.4 billion. About 470 units (about 415 units are part of the company) and about 6,500 square meters Trading in the stages of occupancy and execution. About 6,200 units (the company’s share about 3,000 units) and about 25 thousand square meters designated for trade and employment in projects that are expected to begin construction and/or marketing in 2025-2023, with expected revenues of about 10 billion NIS And an expected gross profit of about NIS 2 billion and about 3,400 units in projects in the construction and marketing promotion procedures starting in 2026.

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