Kardan Real Estate Announces Sale of Tel Aviv Land to Enhance Core Operations

February 16, 2025 - 18:21

Kardan Real Estate Investment Company Ltd. has made a strategic decision to sell its land holdings in Tel Aviv. This move is aimed at strengthening the company’s core operations and improving its financial position. The decision comes as part of Kardan's ongoing efforts to streamline its portfolio and focus on its primary business areas.

The sale of the Tel Aviv property is expected to provide the company with additional capital, which can be reinvested into key projects and initiatives that align with its long-term growth strategy. By divesting from non-core assets, Kardan aims to enhance its operational efficiency and better position itself in the competitive real estate market.

Kardan's management expressed confidence that this sale will not only bolster its financial standing but also allow the company to concentrate on its most promising ventures. This strategic realignment reflects Kardan's commitment to adapting to market dynamics while pursuing sustainable growth opportunities.