Turgeman
The company operates in income-producing real estate for retail, offices and hotels, as well as residential development real estate in Israel.
Analyses on Turgeman (4)
- March 30, 2026March 30, 2026
- Follow-up
Follow-up to Turgeman: Sales quality and cash demands at Amirei Park Hadera Phase B
Phase B sales prove there is initial demand, but their quality is still more financing-led than cash-led: all 2025 sales used incentives, most of the signed value relied on contractor loans, and the new bank facility mainly refinances the land rather than creating a wide cash cu…
T - Follow-up
Follow-up to Turgeman: Mol Hahof and what value is actually accessible
Mol Hahof is Turgeman's main value engine, but only part of the ILS 1.61 billion appraisal already sits on active rent and a stabilized retail core; the rest still depends on office lease-up, completion, unused rights, and income layers that do not fully map into the bank's rece…
T - Follow-up
Follow-up to Turgeman: The new funding stack after the first bond issue
Turgeman's first bond broadened the funding stack, but it did not clean it up: the public layer was added without collateral and without a rating, while the banks, the collateral package, and the controller's guarantees still hold most of the real control points.
T Turgeman 2025: NOI rose and the hotel was delivered, but financing still decides what is left
Turgeman enters 2026 with a stronger real-estate base, but the live test is still financial: NOI improved, the hotel was delivered, and Hadera financing was signed, yet cash is thin and short-dated debt still dominates.
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