Income-producing real-estate for offices & commerce.
Levinstein Assets ended 2025 with a stronger stabilized portfolio, but entered 2026 with the story shifting from asset quality to lease-up, refinancing, and turning booked value into real cash flow.
After the delisting, Levinstein Assets' credit story is also a governance story: year-end cash is thin, short-term funding is still heavy, and the controlling group continues to extract dividends and management fees on a scale that already matters to bondholders.
By the end of 2025 Levinstein Assets had already booked ILS 283.7 million for its two new office assets in Kfar Saba and Beer Sheva, but those properties still depended much more on future lease-up than on NOI already visible in the accounts.
The old central bus station site is a very large value reservoir for Levinstein Assets, but at year-end 2025 it is still a time-sensitive value story: planning delay and unresolved conservation can hurt value, while the refinancing thread already arrives in December 2026.
