September 28, 2021
Technology

Gav Yam Reports Second Quarter 2021 Results

TEL AVIV, Israel, July 27, 2021 /PRNewswire/ — Gav Yam Land Corporation Ltd. (TASE: GVYM) one of Israel’s largest and longest established real estate companies, specializing in the initiation, planning, development, construction, leasing, maintenance and management of hi-tech, logistics, and industrial parks and centers throughout Israel, today reported its results for the second quarter and first half of 2021.

Highlights 

  • Ongoing strength and stability across all financial parameters and accelerated growth in its real estate development activity, which includes 12 projects, with a total area of ~400,000m² (of which the Company’s share is ~340,000m²) with a total investment of about NIS 2.5bn (the Company’s share). ~40% of the areas in these projects have already been marketed.
  • Net income attributed to shareholders amounted to ~NIS 460 million in the first half of 2021,…

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