Develop and sell residential real-estate in poland & israel
Poland still generates Luzon Ronson's profit, but Israel now dictates the balance sheet, the funding burden, and the execution risk.
The North Sde Dov buyout is mainly a decision to concentrate ownership through relatively short debt, not a move that expands financial flexibility.
The Nahalat Yehuda financing framework reduces uncertainty, but it still does not turn the project into a growth engine. Only NIS 80 million out of the NIS 405 million package is direct construction credit, and the company still has to clear equity, presale, profitability, and p…
