Commercial news from Israel - 21st October 2024

October 21, 2024

At Avison Young Israel, we've recognized a critical challenge in today's business world: integrating physical work environments with employee well-being. Through extensive research and collaboration with leading architects and project managers, we've developed innovative solutions to this complex issue.

The modern workplace requires a strategic approach that aligns real estate decisions with organizational culture, values, and long-term talent management goals. As employee expectations evolve, HR managers are seeking ways to create workspaces that not only meet these new standards but also foster productivity and satisfaction.

We've identified four key areas that define the ideal workspace:

  1. Strategic Location and Accessibility: Ensuring offices are conveniently located with easy access to public transportation and ample parking.
  2. Health and Wellness Focus: Prioritizing air quality, natural lighting, and overall healthy working conditions, often in line with LEED and WELL standards.
  3. Adaptive Design: Creating flexible spaces that can quickly transition between individual work and collaborative settings.
  4. Optimized Cost-Benefit Balance: Carefully weighing maintenance, rent, and operational costs against employee satisfaction and productivity gains.

Leveraging our global network of 5,000 real estate professionals and over 25 years of local experience, Avison Young Israel is uniquely positioned to provide tailored solutions for your office needs. Our approach goes beyond traditional real estate services – we aim to create environments where your team can thrive.

Our expertise spans all aspects of commercial real estate, from local transactions to international deals. We're committed to sharing our knowledge and experience to help you make informed decisions that align with your business objectives.

Commercial real estate in Israel

A subsidiary of Ray TLV Ltd. completed a deal to sell half of its rights in the Herzl project in Tel Aviv, to Carso Real Estate Ltd., for approximately 18.3 million NIS (to be reported).

Blue Square Real Estate Ltd. entered into agreements for the purchase of the full rights for trade and employment and any other productive use, on the land in Bnei Barak, for NIS 60 million.

Commercial real estate overseas

Strawberry Fields REIT Limited entered into an agreement to purchase full ownership rights in 8 properties used as nursing homes in the state of Missouri, USA, for $87.5 million.

A granddaughter company of Ashstrom Properties Ltd. entered into an agreement to purchase all the rights in an office building in the city of Leeds, England, in exchange for approximately 83 million pounds.

Real estate in the headlines

The OpenAI company rents an office complex in Manhattan (Calcalist).

105,000 square meters for employment and commerce at the location of the Berman bakery: The Municipality of Yam has approved a plan in Givat Shaul (the real estate center).

Guy is sure: after the war ends there will be a "boom", and this is the sector that will be positively affected (Globes).