Company Rothstein Real Estate, Managed by Avishai Ben-Haim, Reports today record sales, both in the amount of housing units it sold in 2021 and in the monetary consideration for them. The company reported that it sold a total of 433 apartments with a financial volume of NIS 928 million, compared with the sale of 237 apartments with a financial volume of NIS 395 million in 2020, an increase of 135% in the monetary return.
These days, Rothstein carries out and markets about 1,800 housing units (including partners), along with land reserves that are in the planning stages for the construction of about 9,000 housing units (including partners) and rights to build about 100,000 square meters of commercial and office space for rent (part of the company). During the year, the company is expected to increase the scope of construction to about 2,000 housing units.
Avishai Ben-Haim, Rothstein Real Estate: “At the beginning of 2020 the corona went on strike and the sales of the apartments stopped instantly, but the demand for apartments did not stop and there was a congested demand that erupted in May 2020 and we are experiencing peak demand that we have not seen for many years. We have recently taken steps to significantly increase our land reserves and over the next two years we will meet demand while increasing the available inventory for sale as we plan to market about 1,800 additional housing units out of about 9,000 housing units currently in various stages.
(1) The data presented in the company’s part include the part of the partner in Rothstein Beer Yaakov Ltd., which holds approximately 22.5% of the project.
(2) The data presented in the Company’s share include only the Company’s share in the partnership (53%).
(3) The data presented as part of the company include only the part of the company in the joint transaction (70%).
(4) The data presented as part of the company include only the part of the company in the joint transaction (50%).
(5) The data presented as part of the company include only the part of the company in the joint transaction (80%).
(6) The data presented in the company’s part include the part of the partner in Rothstein Slopes of the Carmel Ltd. which owns about 25% of the project.
(7) The data presented in the company’s part include the partner’s share in the people of the city from the Rothstein Group Ltd., which owns approximately 45% of the project.
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